VANCOUVER, April 27 /CNW/ - A British Columbia Securities Commission panel today granted an application by the Icahn Group to cease trade the shareholder rights plan recently adopted by Lions Gate Entertainment to forestall a takeover bid by Icahn.
The panel's reasons will follow.
The B.C. Securities Commission is the independent provincial agency responsible for regulating trading in securities in the province. You can view the settlement agreement on our website www.bcsc.bc.ca by typing Icahn Group or 2010 BCSSECOM 214 into the search box.
Learn how to avoid investment fraud at the BCSC's investor education website: www.investright.org.
SOURCE British Columbia Securities Commission
For further information: For further information: Brenda-Lea Brown, media relations, (604) 899-6554