Pursuits
Lions Gate Falls Most Since May on Share Offering, Forecast
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Lions Gate Entertainment Corp. fell the most in almost a year after its largest investor, Chairman Mark Rachesky’s MHR Fund Management, filed to sell almost a fifth of its stake and the company narrowed its profit outlook.
Lions Gate, the independent film studio that made “The Hunger Games” films, lost 6.6 percent to $31.45 at the close in New York, the biggest decline since May 2014. The stock is down