After the special meeting of Thomas Nelson shareholders held last week, the Nashville publisher announced that its shareholders overwhelmingly approved 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 today. Upon closing, each outstanding share of Thomas Nelson common stock and Class B common stock would 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 Feb. 20, was orchestrated by Nelson, Faith Media Holdings LLC and Faith Media-owned subsidiary FM Mergerco Inc. Upon the merger, Mergerco will be merged with and into Thomas Nelson, with Thomas Nelson surviving as a wholly owned subsidiary of Faith Media, the company said in a statement.

Faith Media was formed by InterMedia Partners L.P. to acquire Thomas Nelson in the merger.

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