Business
DHX Media announces $133 million secondary offering of common shares
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[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,\n PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN\n WHOLE OR IN PART, IN OR INTO THE UNITED STATES/\n\n\nHALIFAX, Dec. 12, 2013 /CNW/ - DHX Media Ltd. (\"DHX\" or the \"Company\")\n (TSX: DHX), a leading independent creator, producer, distributor and\n licensor of children's entertainment content, today announced that\n Birch Hill Equity Partners Management Inc., on behalf of entities\n controlled or managed by it (the \"Selling Shareholders\"), entered into\n an agreement with a syndicate of underwriters led by Canaccord Genuity\n Corp. (the \"Underwriters\"), providing for the purchase by the\n Underwriters, on a bought deal basis, of 28,363,796 common shares of\n the Company (the \"Common Shares\") from the Selling Shareholders at a\n price of $4.70 per Common Share (the \"Offering\"). DHX will not receive\n any of the net proceeds from the Offering.\n\n\nThe Company believes that the Offering will benefit all DHX shareholders\n through an increased public float and enhanced trading liquidity.\n\n\nThe Common Shares will be offered by way of a short form prospectus to\n be filed with the securities commissions and other similar regulatory\n authorities in each of the provinces of Canada pursuant to National\n Instrument 44-101 - Short Form Prospectus Distributions.\n\n\nClosing of the Offering is currently expected to take place on January\n 9, 2013 and is subject to certain conditions including, but not limited\n to, the receipt of all necessary approvals including the approval of\n the Toronto Stock Exchange and the securities regulatory authorities.\n\n\nThis press release shall not constitute an offer to sell or the\n solicitation of an offer to buy nor shall there be any sale of the\n securities in any state in which such offer, solicitation or sale would\n be unlawful. The securities have not been and will not be registered\n under the United States Securities Act of 1933, as amended, or any\n state securities laws and may not be offered or sold in the United\n States unless registered or an applicable exemption from the\n registration requirements is available.\n\n\nAbout DHX Media\nDHX Media (www.dhxmedia.com) is a leader in the creation, production and licensing of family\n entertainment rights.  DHX ...