Glass Lewis urges Lions Gate holders reject Icahn nominees

LOS ANGELES (BestGrowthStock) – Influential proxy advisory firm Glass Lewis recommended that Lions Gate Entertainment Corp shareholders reject all of Carl Icahn’s board nominees, said a source familiar with the matter.

Icahn, who holds a 33 percent stake in the company, is making a hostile $7.50-a-share takeover offer for Lions Gate. Earlier on Thursday he won support for three of his five nominees from investor advisory firm Institutional Shareholder Services.

(Reporting by Susan Zeidler; Editing by Derek Caney)

Glass Lewis urges Lions Gate holders reject Icahn nominees