Posted by Admin | March 23rd, 2010

Carl Icahn is an American financier and corporate takeover specialist who is known for his heavy-handed investing and foresight. However, his most recent move to buy a controlling interest in Lions Gate Entertainment Corp. has been rejected. Apparently he made a bid earlier this year, for only 30% of the company, but this time went after controlling interest.

“The only substantive change is that the Icahn Group is now bidding for full control of the Company without offering a meaningful vision, without demonstrating a relevant track record of industry experience and without paying a control premium,” Lions Gate Co-Chairman and Chief Executive Officer Jon Feltheimer said in a statement.

Them’s fightin’ words, eh? One rarely sees such blunt language in the business world, where money trumps feelings–but it seems Icahn might have offended the Lions Gate Board with his offer.