Lionsgate Chairman Buys More Stock in Studio
Lionsgate chairman Mark Rachesky has taken advantage of a weak company stock price to continue adding to his ownership stake in the Hollywood studio led by CEO Jon Feltheimer. An SEC filing on Tuesday disclosed Rachesky — the biggest Lionsgate shareholder — and his investment vehicle MHR Fund Management acquired in all 789,320 class A voting shares at between $4.18 and $5.25 each from March 13-17.