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STARZ ENTERTAINMENT CORP. ADOPTS LIMITED DURATION SHAREHOLDER PROTECTION RIGHTS AGREEMENT - Starz Entertainment (NASDAQ:STRZ)
The plan prevents any person or group from acquiring 17.5% or more of Starz shares without fair compensation, effective immediately and lasting until March 10, 2027.
- On March 11, 2026, Starz Entertainment Corp.'s Board unanimously adopted a limited-duration rights plan effective immediately, supporting its strategic goals, the company said.
- After recent stake activity involving Allen and Liberty Funds, Byron Allen's Allen Family Capital acquired 1,803,786 Starz shares at $13.86 and the Board adopted the Rights Plan following Liberty Funds' $25 million sale expected to close by March 13.
- Issuing one right per outstanding common share, the plan sets a March 20, 2026 record date and names Computershare Investor Services Inc. as rights agent; rights become exercisable after a 17.5% triggering threshold.
- Shares of Starz closed up more than 3% at $15.43 on Tuesday, rallying 26% in the past five days and 60% in the past month.
- Filed with the SEC and SEDAR+, the Rights Plan agreement dated March 10, 2026 shows it takes effect immediately and expires on March 10, 2027, unless extended to March 10, 2029.
14 Articles
14 Articles
Starz Adopts 'Poison Pill' Shareholder Rights Plan
Starz has adopted a limited-duration shareholder rights plan, commonly referred to as a “poison pill,” in an effort to reduce the likelihood that a person or group can gain control of the company’s shares without appropriately compensating shareholders for that control. Under the terms of the plan, which is typically designed to defend against hostile takeovers, Starz will issue one right for each outstanding common share. For shares issued and …
Aspen Daily News
STARZ ENTERTAINMENT CORP. ADOPTS LIMITED DURATION SHAREHOLDER PROTECTION RIGHTS AGREEMENT
SANTA MONICA, Calif. and VANCOUVER, BC, March 10, 2026 /PRNewswire/ -- Starz Entertainment Corp. (NASDAQ: STRZ) (the "Company" or "STARZ") today announced that its Board of Directors (the "Board") unanimously adopted a limited-duration shareholder protection rights agreement (the "Rights Plan").…
STARZ ENTERTAINMENT CORP. ADOPTS LIMITED DURATION SHAREHOLDER PROTECTION RIGHTS AGREEMENT - Starz Entertainment (NASDAQ:STRZ)
SANTA MONICA, Calif. and VANCOUVER, BC, March 10, 2026 /CNW/ -- Starz Entertainment Corp. (NASDAQ:STRZ) (the "Company" or "STARZ") today announced that its Board of Directors (the "Board") unanimously adopted a limited-duration shareholder protection rights agreement (the "Rights Plan"). The Rights Plan is effective immediately and expires on March 10, 2027, unless extended by shareholder resolution to March 10, 2029, or earlier terminated or am…
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