DHX shapes up with Bulldog purchase
EmptyTORONTO -- Canadian producer DHX Media has acquired Bulldog Interactive Fitness, a domestic operator of kids fitness games centers, in a cash and stock deal.
Halifax-based DHX said Monday that it paid CAN$625,000 ($614,000) and issued 99,333 DHX shares to acquire the privately owned kids fitness chain, which offers exercise equipment that incorporates interactive gaming systems and dance machines.
Stock in DHX traded Monday on the Toronto Stock Exchange at CAN$1.50 ($1.47), down 4 cents on the day, which values the transaction for Dartmouth, Nova Scotia-based Bulldog Interactive at about CAN$775,000 ($761,000).
Bulldog Interactive operates eight outlets in Canada and is set to open another in Boca Raton, Fla.
Recent acquisitions at DHX, which produces and distributes live-action and animated programming and feature films, includes Decode Entertainment, Halifax Film and Studio B Prods.