Lionsgate is a very determined company. A hugely successful US distribution company (with some production interests) it has a continuing affection for snapping up DVD and video distributors who perform poorly.
In Australia, it wants Magna Pacific, and its catalogue.
Magna Pacific has resisted its 32c a share bid from February 1st, by taking Lionsgate Australia to the Takeovers Panel – the specialised court which sets and keeps the rules for directors and companies in takeover bids.
