NEW YORK, July 5, 2016 /PRNewswire/ -- On June 30, 2016, Starz (NASDAQ: STRZA) announced
that it is being acquired by Lionsgate (NYSE: LGF) for $32.73 per share. Holders of each share of
Starz Series A common stock will receive $18.00 in cash and 0.6784 of a share of Lionsgate
non-voting stock. According to Carl
Stine, who is a partner at Wolf Popper LLP, "With John
Malone's voting rights of nearly 50% in Starz and his conflicted
interests on both sides of the transaction, it's not surprising
that the transaction is at such a low value." The offer price
is below Starz's 52-week high of $46.48 per share and below the median analyst
price target of $33.14 per
share.
Wolf Popper is investigating
claims on behalf of investors in Starz concerning the
transaction. Starz's shareholders seeking more information
about the transaction or Wolf
Popper's investigation can contact Mr. Stine at (212)
759-4600 or cstine@wolfpopper.com.
Wolf Popper has extensive
experience representing investors in mergers and acquisition
lawsuits. Twelve Wolf Popper attorneys were named Rising
Stars or Super Lawyers in the 2015 Super Lawyers New York City
Metro Edition, including Wolf Popper
partner Carl Stine, who was included
in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf
Popper attorney biographies at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP