Lionsgate chairman to sell 10 million shares
Lionsgate Entertainment chairman and key shareholder Mark Rachesky is to sell 10,000,000 shares in the US studio. Rachesky is offering the shares via his investment firm, MHR Fund Management, and gives underwriter J.P. Morgan Securities a 30-day option to purchase 1,500,000 shares. This will reduce Rachesky’s stake by about 7% from the current 35%, and […]