Wednesday, March 17, 2010

Three brief items

1. Lion's Gate has adopted a poison pill

Lion's Gate is the film and TV studio named after the "Lion's Gate" in Greater Vancouver, Canada, where the studio got its start. It is responsible for movies like The Haunting in Connecticut and Precious. It is also trying to fend off the unwanted attentions of Carl Icahn.

To that end, it is adopted this defense.

2. Part of Dodd's bill involves proxy votes

There will be a lot of talk about Christopher Dodd's plan for the reform of financial regulation in the days ahead. One intriguing fact is that Dodd has no reason to court popularity back home in Connecticut. He has already announced he will not run again. So he has come up with this.

3. Cedar Fair postpones its meeting

Cedar Fair Entertainment Company, a leader in regional amusement parks, water parks, etc., has announced the postponement of the special meeting of "unitholders" that had been planned for this week. That meeting, which will consider and vote on a merger agreement with affiliates of Apollo Global Management, has now been scheduled for April 8, 2010. The company also tells us that "additional information regarding the meeting, including time and location, will be provided at a later date.

Happy St. Patrick's Day, everyone.

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