June 4, 2019 / 5:12 PM / 5 months ago

BUZZ-DHX Media rises after co says aware of unsolicited merger bid

** Shares of Canadian entertainment company rise 14.6% to C$2.04

** DHX says Sakthi Global Holdings has made an unsolicited bid to acquire the co

** At this time, Sakthi Global Holdings has not responded to questions from DHX and co has not been able to verify the ability of SGH to carry out a deal - DHX

** Says board will consider and evaluate any formal offer that is received

** Despite session gains, stock down ~9% this year (Reporting by Debroop Roy in Bengaluru)

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