Deals
Neuberger Berman Pushes Lions Gate to End Dual-Class Share
- Investor has submitted proposal, sent a letter to board
- Lions Gate in March filed to spin off its studio business
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Neuberger Berman submitted a shareholder proposal to Lions Gate Entertainment Corp., advocating for an end to the dual-class voting structure at the company ahead of a spinoff of its studio business.
The investment manager owns 0.02% of the company’s class A shares and 4.4% of the non-voting class B shares, according to a statement and Bloomberg calculations.