Investor Carl Icahn agreed to sell his stake in Lions Gate Entertainment Corp (LGF.N) and the parties ended litigation against each other, the company said on Tuesday. Shares of Lions Gate fell 7.8 percent in after-hours trading.
Lions Gate Entertainment Corp. (Lionsgate) is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms. Shares of LGF fell by 0.4% or $-0.03/share to $7.52. In the past year, the shares have traded as low as $5.69 and as high as $7.84. On average, 512572 shares of LGF exchange hands on a given day and today's volume is recorded at 441192.
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