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June 15 – June 22, 2006 Edition
NASHVILLE, TN/6/8/2006Thomas Nelson, Inc. (NYSE:TNM – News) announced that, at a Special Meeting of Shareholders held June 8, its shareholders overwhelmingly approved the merger and related Agreement and Plan of Merger providing for the acquisition of Thomas Nelson by an affiliate of InterMedia Partners, L.P. Subject to the satisfaction of the various conditions to closing in the merger agreement, the parties currently anticipate the closing of the merger on June 12, 2006. Upon closing, each outstanding share of Thomas Nelson common stock and Class B common stock will be converted into the right to receive $29.85 in cash, without interest, and Thomas Nelson will become a privately held company and its shares of common and Class B common stock will cease to be traded on the New York Stock Exchange.
The Agreement and Plan of Merger, dated February 20, 2006, is by and among the Company, Faith Media Holdings, LLC (“Faith Media”) and Faith Media’s wholly owned subsidiary, FM Mergerco, Inc. (“Mergerco”). Upon consummation of the merger, Mergerco will be merged with and into Thomas Nelson, with Thomas Nelson surviving as a wholly owned subsidiary of Faith Media. Faith Media was formed by InterMedia Partners, L.P. to acquire Thomas Nelson in the merger.
Thomas Nelson, Inc. is a leading publisher and distributor of products emphasizing Christian, inspirational and family value themes and believes it is the largest publisher of Bibles and inspirational products. For more information, visit our website www.thomasnelson.com.
Thomas Nelson’s Common stock and Class B Common stock are listed on the New York Stock Exchange (NYSE:TNM – News).
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