Lions Gate discloses more info on Starz merger

|About: Lions Gate Entertainment ... (LGF)|By:, SA News Editor

Lions Gate (NYSE:LGF) say it will make additional disclosures about its merger with Starz (NASDAQ:STRZA) as part of a lawsuit settlement.

Some of the supplemental information centers on the role of current Starz CEO Christopher Albrecht.

"If the merger is completed, Starz’s current Chief Executive Officer, Christopher P. Albrecht, will continue to lead Starz networks as President and CEO, reporting to Lions Gate CEO Jon Feltheimer, and will join the Lions Gate Executive Management Committee. There are currently no other anticipated changes to the direct reports to Lions Gate CEO John Feltheimer."

Starz closed at $33.68 yesterday vs. the deal price of $32.73.

SEC Form 8-K