VANCOUVER, July 27 /CNW/ - A British Columbia Securities Commission panel has released final majority reasons for cease trading a shareholders rights plan (SRP) adopted by Lions Gate Entertainment Corp. to stop a take-over bid by the Icahn Group.
On April 27, 2010, a commission panel granted an application by the Icahn Group to cease trade securities related to the Lions Gate SRP. A majority of the panel issued summary reasons on May 6, 2010. These reasons replace the summary reasons.
The reasons of the minority panel member will follow.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the decision on our website www.bcsc.bc.ca by typing in the search box Icahn, Lions Gate Entertainment, or 2010 BCSECCOM 432. If you have questions, contact Ken Gracey, media relations, 604-899-6577.
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: Ken Gracey, 604-899-6577 or (Canada) 1-800-373-6393