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:
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.