Lionsgate-Starz Separation Greenlit by Supreme Court of British Columbia
Lionsgate Entertainment's studio and Starz businesses have officially received the green light from the Supreme Court of British Columbia to separate into two independent, publicly traded companies. The formal separation will take place on Tuesday, with Lionsgate expected to begin trading on the New York Stock Exchange under the ticker symbol LION starting Wednesday. Meanwhile, Starz will trade under the ticker symbol STRZ. Per an 8-K filed with the U.S. Securities and Exchange Commission, the split received approval from approximately 99% of Class A and B shareholders eligible to vote. As . . .