Deals Today

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Good Morning Postlinuxeg, MON 14 Jun 2010  Playing the part of offended belle, Lions Gate Entertainment today asked its shareholders to reject the $7-a-share tender offer from Carl Icahn that would give him control of the Hollywood studio. It's a much-dog-eared script in the world of M&A, and aside from an assured Hollywood ending, this one still has some drama to go. What would Icahn do if he completed his offer and purchased all stocks tendered as of June 16th? "I will then conduct a proxy fight to seek to replace the board at the annual meeting," Icahn said in a statement. It's been a months-long hostile saga and Lions Gates views Icahn's offer as "financially inadequate, coercive and opportunistic." Trading barbs with Lions Gate in March, Icahn said, "You claim that I offer no 'meaningful vision,' thereby implying that you have one. I cannot help but wonder why your 'vision' -- if so 'meaningful' -- never translated into shareholder value?" Is this curtains for Icahn or the board? DealZone   China's AgBank eyes record $23 billion IPO Cablevision to buy Bresnan, expanding west Lions Gate recommends rejecting Icahn offer KKR forms shale partnership with Hilcorp Resolution closing in on $4 billion AXA deal Coke CFO sees more bolt-on deals National Grid completes cash call with placing TPG drops plans to bid for RBS WorldPay: sources SocGen unit eyes domestic reach via BPCE deal China Strategic: may seek AIG Taiwan deal extension China's AgBank eyes record $23 billion IPO June 14, 2010 08:35 AM ET HONG KONG (Reuters) - The Agricultural Bank of China is seeking to raise over $23 billion by listing in Hong Kong and Shanghai in what would be the world's biggest IPO, as China's banks shore up their capital base after a lending spree. Full Article Cablevision to buy Bresnan, expanding west June 14, 2010 10:13 AM ET NEW YORK (Reuters) - Cablevision Systems plans to buy Bresnan Communications for $1.37 billion, expanding its cable systems beyond the New York city area to the western United States. Full Article Lions Gate recommends rejecting Icahn offer June 14, 2010 10:25 AM ET NEW YORK (Reuters) - Lions Gate Entertainment on Monday asked its shareholders to reject the $7-a-share tender offer from Carl Icahn to gain control of the Hollywood studio. Full Article KKR forms shale partnership with Hilcorp June 14, 2010 10:03 AM ET NEW YORK (Reuters) - Kohlberg Kravis Roberts & Co on Monday said it will join with privately-held Hilcorp Energy Co to develop that company's property in the Eagle Ford shale in south Texas. Full Article   REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Send this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers