Streetbeat News

SCRM

Screaming Eagle Acquisition Corp

Open

11.23

Mkt cap

366M

Volume

98K

High

11.75

P/E Ratio

67.87

52-wk high

12.84

Low

9.66

Div yield

N/A

52-wk low

9.15

Screaming Eagle and Lionsgate have advanced their business combination, with the SEC declaring their registration statement effective. The PIPE investment has been increased to $225M, coinciding with the launch of Lionsgate Studios. Extraordinary General Meetings are set for May 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:43 am

Lions Gate Entertainment Corp has announced plans to merge with Screaming Eagle Acquisition Corp to form Lionsgate Studios Corp, with an enterprise value of $4.6 billion. The merger and acquisitions, including eOne, are expected to enhance the studio business. Analyst James Goss of Barrington Research upgraded Lions Gate's rating to Outperform with a $12 price target. The public launch of the merged entity, under the ticker LION, is anticipated in early April. The acquisitions aim to expand the television studio's presence in unscripted programming and improve profitability.

Portfolio Pulse from Priya Nigam

March 11, 2024 | 4:21 pm

Lionsgate is merging its Studio Business with Screaming Eagle Acquisition Corp (SCRM) to create Lionsgate Studios Corp, valued at $4.6 billion. Lionsgate will retain 87.3% ownership, while Screaming Eagle shareholders will own 12.7%. The deal excludes STARZ and is expected to generate $350 million for Lionsgate, aiding in the acquisition of eOne. The transaction is set to close in spring 2024, pending approvals. SCRM shares saw a slight increase of 0.66% to $10.63.

Portfolio Pulse from Anusuya Lahiri

December 22, 2023 | 2:39 pm

Screaming Eagle Acquisition Corp. has entered into an agreement to combine with the studio business of Lionsgate, which includes its Television Studio and Motion Picture Group segments. This move will integrate Lionsgate's content production and distribution capabilities with Screaming Eagle's resources.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 1:02 pm

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