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Lionsgate Poison Pill Rebuffed in Canada

Photo of Anne Thompson By Anne Thompson | Thompson on Hollywood April 27, 2010 at 11:16AM

Lionsgate Entertainment, which is incorporated in both Vancouver and Santa Monica, is trying to fend off shareholder Carl Icahn's efforts to take over the company. But Lionsgate has met a setback, reports the LAT and Bloomberg News:
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Thompson on Hollywood

Lionsgate Entertainment, which is incorporated in both Vancouver and Santa Monica, is trying to fend off shareholder Carl Icahn's efforts to take over the company. But Lionsgate has met a setback, reports the LAT and Bloomberg News:

A British Columbia regulatory body has voided the "poison pill" that the Santa Monica-based independent studio had attempted to institute...A panel of the British Columbia Securities Commission reportedly ruled that shareholders should be allowed to decide whether to take up Icahn's offer of $7 per share.

While Lionsgate's R-rated comic-book actioner Kick-Ass has been soft at the box office, the distrib recently acquired domestic rights to Michael Connelly crime adaptation Lincoln's Lawyer, starring Matthew McConaughey.

This article is related to: Independents, News, Lionsgate/Roadside


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Thompson on Hollywood

Born and raised in Manhattan, Anne Thompson grew up going to the Thalia and The New Yorker and wound up at grad Cinema Studies at NYU. She worked at United Artists and Film Comment before heading west as that magazine's west coast editor. She wrote for the LA Weekly, Sight and Sound, Empire, The New York Times and Entertainment Weekly before serving as West Coast Editor of Premiere. She wrote for The Washington Post, The London Observer, Wired, More, and Vanity Fair, and did staff stints at The Hollywood Reporter and Variety. She eventually took her blog Thompson on Hollywood to Indiewire. She taught film criticism at USC Critical Studies, and continues to host the fall semester of “Sneak Previews” for UCLA Extension.