Lions Gate Seeks Full Board Vote at Image
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From Bloomberg News
Lions Gate Entertainment Corp. asked a judge to order takeover target Image Entertainment Inc. to hold elections for the full board at its annual meeting.
The North Vancouver, Canada-based company seeks to block Chatsworth-based Image from creating staggered terms for directors and wants all six seats, rather than just two, put to a vote this year.
Delaware Chancery Court Judge William B. Chandler III ordered an April 25 hearing on the suit. The date of Image’s annual meeting hasn’t been set.
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