It has been reported that activist investor Carl Icahn has achieved the right to vote his shares against Lions Gate Entertainment Inc.'s (LGF) proposed poison pill anti-takeover measure. This measure is to be put to vote at soon to come shareholders' meeting. This has toughened Icahn’s position and made his case for a hostile takeover of the company stronger.

This news was made public in a filing with the Securities and Exchange Commission.

It has been reported that Lions Gate recently complied with the so-called ‘poison pill’ to ward off Icahn’s attempt to enlarge his 18% stake in the company above the 20% limit. Icahn has increased his tender offer to purchase all the company's shares for $7 a share from $6 a share. This would increase the value of the company to $825 million.

A spokesperson for the company revealed in an emailed statement, "The Lionsgate board of directors is committed to doing what's best for Lionsgate and for its shareholders. The company believes that voting for the shareholder rights plan is critical to protecting the value of their investment in Lionsgate".