The idea was to complete the move by year end and Lionsgate is pretty much on track.
The process could slip into 2025 but not by much.
Reverse stock split reduce the number of outstanding shares and raise the share price in the process.
Lionsgate’s ‘The Hunger Games: The Ballad Of Songbirds and Snakes’Murray Close © Lionsgate Courtesy Everett Collection
As the media business reshapes, especially linear television, more assets are in play.
The split will create two smaller companies that could be acquired or merge with another.
The reasoning is similar.
