DHX Media announces $65M share offering

HALIFAX – DHX Media it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. to sell 8.67 million shares of the company.The shares are comprised of both variable voting shares and common voting shares at a price of CDN$7.50 per share (the offering) for distribution to the public in both Canada and the U.S. In addition, DHX has granted to the underwriters an over-allotment option exercisable at any time up to 30 days after closing of the offering to acquire up to an additional 1.3 million shares. In the event that the over-allotment option...