Just to update your acquisition closing calendars, we note that the finalization of HarperCollins’ agreement to purchase Thomas Nelson is taking longer than originally projected. When the deal was announced at the end of the October, the parties indicated the deal was “expected to close by the end of the calendar year” while stipulating that it “is subject to regulatory clearances and other customary closing conditions.” All indications are that the delay is due to waiting on government signoff rather than any other deal-related issues. Harper spokesperson Erin Crum indicates, “We are still undergoing the regulatory review period, but we […]
