InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,626.02
(
0.54%
)
US TECH 100
18,986.40
(
0.30%
)
Dow Jones
41,393.78
(
0.72%
)
Brent Oil
71.83
(
0.00%
)
Bitcoin
59,986.77
(
-0.98%
)
Post# of 2742
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

TraderUsa

Send PM Follow Ignore
Followers 79
Posts 7854
Boards Moderated 2
Alias Born 05/05/2011

TraderUsa

Re: None

Monday, 01/16/2012 12:43:09 PM

Monday, January 16, 2012 12:43:09 PM

Post# of 2742
Lions Gate Buying Summit Entertainment For $412.5 Million.

By Teresa Rivas
Lions Gate Entertainment (LGF) is inching upwards in after hours trading, following its announcement that it is buying privately held Summit Entertainment in a cash-and-stock deal valued at $412.5 million.

The acquisition will bring a number of valuable films to Lions Gate’s library, including the critically acclaimed Hurt Locker and the popular Twilight series. Lions Gate said it expects the deal to be accretive to earnings in fiscal 2013, which begins in April.

Lions Gate hit a new 52-week high earlier this week, and is up 30% in the past twelve months.

Source: http://blogs.barrons.com/stockstowatchtoday/2012/01/13/lions-gate-buying-summit-entertainment-for-412-5-million/?mod=yahoobarrons

Is my humble opinion.

Do not forget to go through this ihub :
http://investorshub.advfn.com/boards/board.aspx?board_id=20991

$$ DEVALUED STOCKS $$

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up