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Starz Shareholders Formally Endorse Sale To Lionsgate

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For the record: Starz moved a step closer to merging with Lionsgate today as the premium network company’s shareholders voted overwhelmingly to support the agreement to sell itself to the studio for $4.4 billion cash and stock. Nearly 95% of the shares that voted, about 142 million, favored the deal. Owners of nearly 9.6 million shares abstained. About 98% of the votes cast also approved a non-binding proposal to support compensation agreements for Starz executives. The…

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