US: Lionsgate, Starz invite Shareholders to approve merger

Lionsgate and Starz on Thursday revealed more details of their $4.4 billion merger, including a share reclassification proposal that benefits billionaire investor John Malone, as they set out to woo investors.

In a joint proxy statement, the merger partners invited shareholders to special, as-yet unscheduled meetings to approve their deal. Lionsgate and Starz in their latest SEC filing also echo earlier ones by pointing to proposed operating cost synergies expected to reach $50 million and annual cash tax savings expected to exceed $150 million through fiscal year 2021.

Full Content: Yahoo

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