Liberty Global and Discovery Communications Acquire Shares of Lions Gate Entertainment Corp.
Liberty Global and Discovery Communications Acquire Shares of Lions Gate Entertainment Corp.
Canada NewsWire
DENVER, CO and SILVER SPRING, MD, Nov. 12, 2015
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
including a copy of the corresponding report filed with Canadian securities regulators, contact: Liberty Global Investor Relations, Oskar Nooij, Tel: +1 303 220 4218; Liberty Global, 12300 Liberty Boulevard, Englewood, CO 80112; Discovery Communications Investor Relations, Jackie Burka, Tel: + 1 212-548-5642; Discovery Communications, 1 Discovery Place, Silver Spring, MD 20910Copyright CNW Group 2015