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    Jun 4, 2019

    DHX Media says Sakthi Global Holdings has made unsolicited offer for company

    The Canadian Press

    DHX's 'Degrassi: Next Class'

    "Degrassi: Next Class" cast members, Reiya Downs (L), Miriam McDonald (C) and Sara Waisglass pose for a portrait at DHX Studios, in Toronto, Tuesday, June 21, 2016. , The Canadian Press

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    HALIFAX -- DHX Media says Indian company Sakthi Global Holdings has made an unsolicited offer for the company.

    Financial terms of the proposal were not immediately available.

    DHX says it will consider and evaluate any formal offer received in due course.

    It cautioned that there could be no certainty that a deal will take place and said Sakthi has not responded to its questions.

    DHX is a producer and distributor of child and youth-oriented programming, such as Peanuts and other animation and the Degrassi live-action franchise.

    DHX Media's shares closed up 21 cents or 11.8 per cent to $1.99 in Tuesday trading on the Toronto Stock Exchange.