Activist investor Anson Funds Management has taken a stake in Lionsgate (LGF.B) (LGF.A) Studios (LION) and is speaking with the studio about ways to unlock value, reported Bloomberg’s Crystal Tse. Anson believes Lionsgate Studios is undervalued and that the company should consider a range of options, including a potential sale, after it completes a separation from the Starz cable and streaming service, Bloomberg quotes Sagar Gupta, the firm’s head of activism and a portfolio manager, as having said.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LION:
- Lionsgate discloses filing of amended Form S-4 registration statement with SEC
- Lionsgate, Kingdom Story Company renew three-year first-look deal
- Lionsgate Studios price target lowered to $10 from $12 at Seaport Research
- Lionsgate Studios Post Challenging Q2 Earnings
- Lionsgate price target lowered to $9 from $10 at Morgan Stanley
Questions or Comments about the article? Write to editor@tipranks.com