Nelson Approves Bid to Go Private Thomas Nelson will take itself private, with financing from private equity group InterMedia Partners VII, in a deal valuing the company at approximately $473 million. The per share offer is about 20 percent higher than the stock traded last week. If approved by shareholders, the sale is expected to close by June 30. CEO Michael Hyatt says in the announcement, “This transaction provides Thomas Nelson’s shareholders with outstanding value for their shares and a significant premium over recent trading prices. Going private at this time is also in the best interests of the Company’s […]
