Faruqi & Faruqi, LLP Announces the Investigation of Starz (STRZA) Over the Proposed Sale of the Company to Lions Gate Entertainment Corp.
Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Starz ( “Company”) (NasdaqGS:STRZA) for potential breaches of fiduciary duties in connection with the sale of the Company to Lions Gate Entertainment Corp. (“Lions Gate”) for approximately $4.4 billion.
The Company’s stockholders will only receive $18.00 in cash and 0.6784 of a share of Lions Gate, or approximately $30.90 per share based on Lions Gate’s closing stock price on July 6, 2016, for each share of Company common stock they own. However, this consideration is below at least one analyst’s price target of $35.38 per share and Lions Gate’s 52-week high of $46.59 per share.
If you own common stock in Starz and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Nadeem Faruqi, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 971-1341.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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