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Lionsgate adopts poison pill defense, again

Hollywood Reporter: Carl Icahn's $7.00 per-share tender offer for outstanding Lionsgate shares may be done, but not his enthusiasm for open market purchases of stock in the mini-studio.

So Vancouver-based Lionsgate has adopted yet another poison pill defense to fight off a hostile takeover bid, and one firmly aimed at Icahn, the company's largest shareholder with a 37.9% stake.

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jazzking20012276d ago

i hope LG was able to succeed

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