Canadian authorities invalidated Lions Gate's (LGF) 'poison pill' plan yesterday, handing a...

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

Canadian authorities invalidated Lions Gate's (LGF) 'poison pill' plan yesterday, handing a victory to Carl Icahn and his $7/share hostile bid, and sending shares +6.8% AH. Lions Gate says it's disappointed, and urges shareholders to reject Icahn's offer.