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LBTYA Liberty Global Ltd

16.91
0.00 (0.00%)
Pre Market
Last Updated: 09:00:04
Delayed by 15 minutes
Share Name Share Symbol Market Type
Liberty Global Ltd NASDAQ:LBTYA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 16.91 16.67 20.50 0 09:00:04

Liberty Global and Discovery Communications Acquire Shares of Lions Gate Entertainment Corp.

13/11/2015 3:02am

PR Newswire (Canada)


Liberty Global (NASDAQ:LBTYA)
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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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