LGF is putting together a board of “A” league players before Icahn puts in his tender to buy up LGF debt.

The mitts are coming off as both sides prepare for the inevitable clash. LGF is calling Icahn a distraction to business and I am sure they wish that this whole debacle could just go away.They are definitely prepping themselves for the worst which includes changing board members, changing business tactics and ultimately changing their CEO… Icahn is still busy with some serious strategy play as he is keen on pushing the September scheduled Board meeting earlier to make a play.
Either way, this game is far from over and the outcome is very unclear.

Read more:
Niki Finke
Icahn and the Lion