Starz STRZA.O
* Starz says lionsgate expects acquisition to be highly
accretive, generate significant synergies and create a whole
that is greater than sum of its parts (corrects source)
* Lionsgate to acquire starz for $4.4 billion in cash and
stock
* Each share of lionsgate common stock will be reclassified
into 0.5 voting and 0.5 newly created non-voting shares
* Lionsgate intends to fund cash portion of deal with a
combination of newly issued bank and bond financing
* Holders of each share of starz series a common stock will
receive $18.00 in cash as well as 0.6784 of a share of lionsgate
non-voting stock
* Starz says liontree advisors is serving as exclusive
financial advisor and baker botts llp is serving as legal
advisor to starz
* Acquisition is expected to generate significant revenue
and cost synergies
* Starz says j.p. Morgan, bank of america merrill lynch,
deutsche bank and credit suisse are serving as financial
advisors to lionsgate
* Holders of each share of co's series b stock to get $7.26
in cash, 0.6321 share of lionsgate voting stock, 0.6321 share of
lionsgate non-voting stock
Source text for Eikon: ID:
Further company coverage: STRZA.O
June 30 (Reuters) - Starz STRZA.O
* Starz says lionsgate expects acquisition to be highly
accretive, generate significant synergies and create a whole
that is greater than sum of its parts
* Lionsgate to acquire Starz for $4.4 billion in cash and
stock
* Each share of lionsgate common stock will be reclassified
into 0.5 voting and 0.5 newly created non-voting shares
* Lionsgate intends to fund cash portion of deal with a
combination of newly issued bank and bond financing
* Holders of each share of starz series a common stock will
receive $18.00 in cash as well as 0.6784 of a share of lionsgate
non-voting stock
* Starz says liontree advisors is serving as exclusive
financial advisor and baker botts llp is serving as legal
advisor to starz
* Acquisition is expected to generate significant revenue
and cost synergies
* Starz says j.p. Morgan, bank of america merrill lynch,
deutsche bank and credit suisse are serving as financial
advisors to lionsgate
* Holders of each share of co's series b stock to get $7.26
in cash, 0.6321 share of lionsgate voting stock, 0.6321 share of
lionsgate non-voting stock
Source text for Eikon: ID:nCNWcBHQSa
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