Blockbuster Shareholders Take Aim at Icahn Deal

Summary


EDITOR'S NOTE: This story has been expanded and updated throughout.

WILMINGTON, Del. (Reuters) - A large group of Blockbuster Inc. shareholders is seeking a better offer for the bankrupt movie rental chain than the deal that would put billionaire Carl Icahn and a group of hedge funds in control.

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Blockbuster Shareholders Take Aim at Icahn Deal

Shareholder Greg Maggipinto said he and other investors who own up to 40 percent of the stock think Mr. Icahn's deal, which would wipe out his holdings, undervalues the company. He said they...

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