Metro-Goldwyn-Mayer files for bankruptcy - bringing an end to a takeover bid by Lions Gate (LGF)...

|About: Lions Gate Entertainment C... (LGF.A)|By:, SA News Editor

Metro-Goldwyn-Mayer files for bankruptcy - bringing an end to a takeover bid by Lions Gate (LGF) and Carl Icahn - after coming to terms with Icahn, who will get a chance to elect a director. The plan will extinguish $4B in debt and install managers from The Sixth Sense producers Spyglass Entertainment.