If at first you don't succeed, try again, the saying goes. Then again, a second attempt is no guarantee of success.
Carl Icahn received a paltry $583,000 worth of convertible bonds for his extended tender offer for all of Lions Gate Entertainment Corp.'s $316 million in public debt, according to new regulatory filings.
To counter Icahn's attempt to gain more control over the company, the Santa Monica film and TV studio and distributor had reached an agreement with two unidentified bondholders to swap $66.6 million of the 3.63 percent notes for new bonds that can be converted into more common shares. In return, one agreed not to tender $24 million face amount of 2024 debt to Icahn.
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