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Icahn, Lions Gate call truce

Associated Press / July 10, 2010

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SAN FRANCISCO — Billionaire investor Carl Icahn and the Lions Gate Entertainment Corp. film studio have agreed to temporarily halt their fighting and work together on acquisitions.

The agreement, announced yesterday in regulatory filings after the market closed, isn’t a permanent fix for the acrimony between Icahn and Lions Gate. The agreement lasts only until July 19, but could be extended.

The sides didn’t name any acquisition targets in their filings with the Securities and Exchange Commission on the accord.

They said only that they have agreed to work together on “certain acquisition opportunities’’ and that the company has agreed to refrain from certain actions during that period.