DHX Media explores strategic alternatives

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By Ted Liu

DHX Media Ltd. (TSX: DHX.A, DHX.B; NASDAQ: DHXM), a global children’s content and brands company, has formed a special committee of independent directors to explore and evaluate potential strategic alternatives focused on maximizing shareholder value.

These alternatives could include the sale of part or all of the company, a sale of some of the assets of the company, a merger or other business combination with another party, or other strategic transactions.

The committee is chaired by Donald A. Wright, President & CEO of The Winnington Capital Group Inc., and includes Elizabeth Beale, Corporate Director, and D. Geoffrey Machum, Q.C., ICD.D, Senior Partner at Stewart McKelvey.

DHX Media’s board of directors said it is committed to fully evaluating appropriate strategic alternatives and that pursuing these complementary paths is in the best interests of DHX Media’s shareholders, employees and stakeholders.

As of November 10, 2016, DHX Media major shareholders include Fine Capital Partners, controlling 24,152,400 common sahres (18.05%). Dana Landry, CEO and a director of DHX, is the sole own of 100 million Preferred Variable Voting Shares.

DHX Media Ltd.