Not everyone is impressed with Lions Gate's (LGF +4.3%) planned combination with Summit. Caris...

|About: Lions Gate Entertainment Corp. (LGF.A)|By:, SA News Editor
Not everyone is impressed with Lions Gate's (LGF +4.3%) planned combination with Summit. Caris notes that 59% of the $412M purchase price "will be sourced from cash on Summit’s own balance sheet... We question the timing and strategic validity of the deal since there is only one more Twilight film left in the series, and Summit’s track record outside of the Twilight franchise is mediocre at best.”