Getting your player ready...
NEW YORK — Boutique film studio Lions Gate Entertainment Corp. has adopted a shareholder-rights plan, also known as a “poison pill,” to prevent hostile takeover attempts such as the one billionaire investor Carl Icahn is conducting.
The plan, announced late Thursday, would let shareholders buy extra shares at a deep discount. The right doesn’t apply to any shareholder attempting to take control of the company. If exercised, the plan would dilute the stake of any potential acquirer.
