Liberty Global and Discovery Communications Acquire Shares of Lions Gate Entertainment Corp.
November 12 2015 - 10:02PM
PR Newswire (Canada)
DENVER, CO and SILVER SPRING, MD, Nov.
12, 2015 /CNW/ - Liberty Global plc ("Liberty
Global") and Discovery Communications, Inc. ("Discovery
Communications") have each purchased 5.0 million common shares
("Common Shares") of Lions Gate Entertainment Corp.
("Lionsgate"), resulting in each having an approximately
3.4% shareholding of Lionsgate's current outstanding Common Shares.
The 10.0 million Common Shares were acquired from funds affiliated
with MHR Fund Management LLC ("MHR").
Liberty Global and Discovery Communications each paid
approximately US$195 million for
their respective stake in Lionsgate representing a purchase price
of approximately C$52.68 per Common
Share based on current exchange rates.
Liberty Global and Discovery Communications purchased the
securities for investment purposes only and may or may not purchase
or sell securities of Lionsgate in the future on the open market or
in private transactions, depending on market conditions and other
factors.
SOURCE Liberty Global plc
Copyright 2015 Canada NewsWire
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