DHX Media reviewing strategic alternatives including possible sale

HALIFAX - DHX Media Ltd. says it has launched a review of strategic alternatives including the possible sale of all or part of the company.

The children's entertainment company says it has formed a special committee of independent directors to consider and evaluate its various options.

The company says its board has not set a timetable for the process nor has it made any decisions related to any alternatives.

It noted that there could be no assurance that the review will result in a transaction.

Shares in DHX were hammered last week after the company reported disappointing financial results.

DHX signed a deal earlier this year to add the Peanuts and Strawberry Shortcake brands to its other properties, which include rights to the Teletubbies, Inspector Gadget and Degrassi.

Let's block ads! (Why?)

Bagikan Berita Ini