From Variety · Todd Spangler · · 30s
Lionsgate Stock Jumps on Legendary Takeover Offer
Legendary Entertainment submits new takeover bid for Lionsgate, sparking 15% stock surge.
In brief
Legendary Entertainment submits new takeover bid for Lionsgate, sparking 15% stock surge. Legendary Entertainment submitted a takeover offer for Lionsgate, causing shares to jump 15% and reach $3.6 billion market cap. Originally reported by Variety.
Lionsgate Stock Reaction
Shares of Lionsgate jumped over 15% Tuesday, pushing market cap to $3.6 billion.
Legendary's Takeover Bid
Legendary Entertainment submitted a new takeover offer for Lionsgate, per Bloomberg report.
Acquisition Details
The merger could allow Legendary to self-distribute its films.
Here's the gist
Legendary Entertainment submitted a takeover offer for Lionsgate, causing shares to jump 15% and reach $3.6 billion market cap.
