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 firstname.lastname@example.org.