Starz, Lionsgate Stocks Rise Double Digits on Acquisition News

Stocks for both Lionsgate and Starz climbed Thursday morning after Lionsgate agreed to acquire Starz for $4.4 billion.

Lionsgate (LGF) and Starz (STRZA and STRZB) were both up by double-digit percentages within the first few minutes of open trading at 9:30 a.m. ET. Starz (represented in the photo above by president/CEO Chris Albrect, right) common stocks were rewarded more than Lionsgate (CEO Jon Feltheimer pictured, left), as the purchasing company agreed to pay a roughly 18 percent premium for the premium TV channel group.

Below is the early stock movement for both companies.