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Starz, Lionsgate Stocks Rise Double Digits on Acquisition News

Shares for both companies jump once U.S. trading markets opened

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, rightcommon 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. We selected a five-day snapshot for LGF and STRZA to best show their quick, pre-market inclines. That same view was not available for STRZB, which actually experienced the highest dollar (+$5.14) and percentage (+18.38%) uptick.

The acquisition is expected to officially close later this year.