Published on 30 Jun 2016
The
Lions Gate deal to acquire Starz is a match made in heaven and could
bring about more media deals, said TheStreet's Jim Cramer. Lions Gate
Entertainment, the studio behind the Hunger Games franchise and hit
Netflix series Orange is the New Black on Thursday announced it would
buy premium cable channel operator Starz for $4.4 billion in cash and
stock. Under the deal, which the companies expected would close by
year's end, holders of Starz Series A common shares will receive $18 in
cash plus 0.6784 nonvoting Lions Gate shares for each Starz share.
Holders of Starz Series B common shares will receive $7.26 in cash plus
0.6321 nonvoting Lions Gate shares and 0.6321 voting Lions Gate shares.
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