It looks like Lions Gate blinked first...at least for now.
Last week, the movie studio, embroiled in a vicious fight to fend off takeover attempts by septuagenarian corporate raider cum activist hedge fund manager Carl Icahn, announced some sort of a truce.
It said in a regulatory filing on Friday that the two parties agreed “to work together on certain acquisition opportunities.” Alas, this only applies to a 10-day period from July 9 through July 19.
Still, Lions Gate also agreed to refrain from “specified actions” during that period. In a ....