Lions Gate Entertainment Corp. shares declined in the extended session Thursday after the company announced a secondary offering of shares. Lions Gate shares fell 4.8% to $39.11. The company said units of Liberty Global PLC and Discovery Communications Inc. will offer about 3.4 million shares through underwriter J.P. Morgan to hedge derivatives obligations transactions. The units bought 10 million Lions Gate shares from existing shareholders and each unit entered derivatives transactions for 2.5 million shares each with Bank of America, Lions Gate said.
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