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Stock Market & Financial Investment News

News Breaks
March 13, 2014
12:01 EDTLGFLionsgate agrees to pay $7.5M to settle SEC charges over disclosure
The SEC said it charged Lions Gate Entertainment with failing to "fully and accurately disclose to investors a key aspect of its effort to thwart a hostile takeover bid." Lions Gate agreed to pay $7.5M and admit wrongdoing to settle the SECís charges. According to the SEC, "Lions Gateís management participated in a set of extraordinary corporate transactions in 2010 that put millions of newly issued company shares in the hands of a management-friendly director. A purpose of the maneuver was to defeat a hostile tender offer by a large shareholder who had been locked in a battle for control of the company for at least a year. However, Lions Gate failed to reveal that the move was part of a defensive strategy to solidify incumbent managementís control, instead stating in SEC filings that the transactions were part of a previously announced plan to reduce debt."
News For LGF From The Last 14 Days
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July 1, 2015
09:03 EDTLGFLionsgate and Hasbro agrees to bring Monopoly to the big screen
Lionsgate (LGF) and Hasbro (HAS) are partnering to bring the iconic game MONOPOLY to the big screen, the two companies announced. Academy Award-nominated Andrew Niccol will write the screenplay for MONOPOLY, which will be produced by Lionsgate and Hasbro's Allspark Pictures. Lionsgate will finance the movie.
June 29, 2015
07:42 EDTLGFLionsgate merger with Starz looks increasingly logical, says Stifel
Stifel says that it has become more convinced of the logic of a potential merger between Lionsgate (LGF) and Starz (STRZA). The firm thinks that such a deal would positively impact Lionsgate's cah flow, increase its leverage capacity and expand its OTT content platform. The firm says that a combination of EPIX and Starz would be positive for both platforms, and it increased its price target on Lionsgate to $42 from $39 while keeping a Buy rating on the shares.
June 23, 2015
09:02 EDTLGFLionsgate promotes Tim Palen to Chief Brand Officer
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