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Cool Springs Press parent sold
FYI:
Thomas Nelson is the parent company of Cool Springs Press.
jems
Date: June 12, 2006
- FOR IMMEDIATE RELEASE -
THOMAS NELSON MERGER COMPLETED
NASHVILLE, TN, June 12, 2006. Thomas Nelson, Inc. (NYSE: TNM) today
announced the completion of its "going private" transaction with
InterMedia Partners, L.P. Pursuant to the terms of the Agreement and
Plan of Merger by and among Thomas Nelson, Faith Media Holdings, LLC
("Faith Media"), and Faith Media's wholly-owned subsidiary, FM
Mergerco, Inc. ("Mergerco"), Mergerco was merged with and into Thomas
Nelson, with Thomas Nelson surviving as a privately-held,
wholly-owned subsidiary of Faith Media. Accordingly, Thomas Nelson's
shares of capital stock will cease trading and be delisted from the
New York Stock Exchange. Faith Media was formed by InterMedia
Partners, L.P. to acquire Thomas Nelson in the merger.
As the result of the merger, each outstanding share of Thomas Nelson
common stock and Class B common stock has been converted into the
right to receive $29.85 in cash, without interest. The paying agent
for the merger transaction is Computershare Trust Company, N.A.
Computershare will mail to holders of certificates formerly
representing shares of Thomas Nelson common and Class B common stock
a letter of transmittal and instructions for receiving payment of the
merger consideration. All questions from shareholders of record
relating to receipt of the merger consideration in the merger should
be directed to Computershare at 1 (877) 282-1168. Shareholders who
held shares in "street name" through a broker, bank or other nominee
should contact such broker, bank or other nominee regarding their
receipt of the merger consideration.
This news release includes certain forward-looking statements (all
statements other than those made solely with respect to historical
fact) and the actual results may differ materially from those
contained in the forward-looking statements due to known and unknown
risks and uncertainties. Any one or more of several risks and
uncertainties could account for differences between the
forward-looking statements that are made today and the actual
results. Thomas Nelson disclaims any obligation to update
forward-looking statements.
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.
InterMedia Partners, L.P. is the general partner of InterMedia
Partners VII, LP, a private equity investment firm that makes mid- to
large-size investments in media companies.
# # #
--
Jo Ellen Meyers Sharp
Garden writer, author, photographer
Region III Director Garden Writers Association
Phone: (317) 251.3261
Fax: (317) 251.8545
E-mail: hoosiergardener@sbcglobal.net
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