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Lionsgate and Starz Split approved by shareholders

Y2kTheNewOldies

Y2kTheNewOldies

deadline.com

Lionsgate Studios, Starz Split Approved By Shareholders, Key Hurdle For Long Anticipated Transaction

Lionsgate shareholders approved the separation of the studio business and Starz, clearing a key hurdle in the long anticipated transaction.
deadline.com deadline.com

Note the formal separation between Starz and Lionsgate is estimated to take place in early May when the soon to be two companies become publicly traded companies. This is similar to Comcast current proposal to split the division that contains NBC, Peacock, NBC News, NBC Sports and Comcast owned NBC and Telemundo affiliates from the cable networks division the one that contains MSNBC, USA Network and CNBC currently listed as SpinCo.

Lionsgate shareholders have approved the separation of the studio business and Starz, Deadline has learned, clearing the way for the transaction to close after nearly three years in the works.

Shareholders voted today to approve the separation at meetings in Vancouver, British Columbia where the company is headquartered at a delayed annual general and special meeting of Lionsgate, and at a special meeting of Lionsgate Studios — the new company that’s been spun out. The vote was a key hurdle ahead of a split where they will trade fully independently as Starz (stock symbol STRZ) on the Nasdaq, and Lionsgate Studios (LION) on the NYSE.
Click to expand...

 
thedesk.net

Starz to separate from Lionsgate on Tuesday

Starz will formally separate its business from parent company Lionsgate on Tuesday after a Canadian court bestowed its blessing on the business plan.
thedesk.net thedesk.net

www.thewrap.com

Lionsgate-Starz Separation Greenlit by Supreme Court of British Columbia

The two companies will begin trading on the New York Stock Exchange starting Wednesday under the ticker symbols LION and STRZ, respectively.
www.thewrap.com www.thewrap.com

deadline.com

Lionsgate Clears Last Hurdle For Split Of Studios And Starz

The Supreme Court of British Columbia approved the split of the company’s studio business from Starz, the final step to separate the businesses.
deadline.com deadline.com

The spinoff is approved.
 
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