Sakthi Global Holdings Markets Announces Merger Offer For DHX Media
The company is offering Shareholders of DHX Media $5.32, per share payable in $1.32, per share in cash and $4.00, Per Share in common stock of the merged entity
Photo Credit :
Sakthi Global Holdings, OTC MARKETS has announced that it has submitted an unsolicited Merger Proposal to DHX Media offering Shareholders of DHX Media $5.32 per share upon the completion of a Merger of Sakthi Global Holdings and DHX Media the $5.32 per share payable to DHX Media Shareholders will be comprised of $1.32 per share in cash and $4.00 Per Share in common stock of the merged entity, with Sakthi Global shareholders emerging as the majority shares holders of the combined companies. The merger offer is contingent upon 80 per cent of the shareholders of DHX Media accepting the offer and voting in favour of the Merger at Special Meeting of Shareholders to be convened for the purpose of voting on the proposal made by Sakthi Global Holdings Limited
The company is a unit of Sakthi Global India, a $1.2 billion Indian conglomerate that has been business for over 100 years, and it is majority holding company of Sakthi Automotive Group a leading global tier 1 automotive supplier that designs, engineers and manufactures systems and technologies that are making the next generation of vehicles, lighter, safer and more efficient. .
Sakthi Automotive Group is global leading manufacturer of Safety Chassis and Powertrain Components into Aluminium and Iron supplying to all major OEM’s including General Motors, Ford Motors, Volkswagen, Daimler, PSA, Volvo, Toyota, Renault-Nissan, BMW, Volvo and many others.
DHX Media a key player internationally in the creation of content for families and children, is recognized globally for such brands as Yo Gabba Gabba!, Caillou, Teletubbies, In the Night Garden, Inspector Gadget, Johnny Test, Slugterra and the multiple award-winning Degrassi franchise. The Company is owner of the Family suite of channels, operated as DHX Television.
DHX Media markets and distributes its library of more than 11,000 half-hours of entertainment programming worldwide and licenses its owned properties through its dedicated brand-management and consumer-products business, DHX Brands. DHX Media full-service international licensing agency, Copyright Promotions Licensing Group (CPLG), represents numerous entertainment, sport and design brands.