Thomas Nelson Announces Stock Repurchase Program.NASHVILLE, Tenn.--(BUSINESS WIRE)--June 10, 1998--Thomas Nelson, Inc. (NYSE NYSE See: New York Stock Exchange :TNM TNM tumor-nodes-metastasis; see under staging. TNM tumor, nodes and metastases; a system of cancer staging (see TNM staging). ) today announced that the Company's Board of Directors has authorized the repurchase of up to 3,000,000 shares, or approximately 18% of the Company's outstanding Common Stock and/or its Class B Common Stock, from time to time in the open market or through privately negotiated transactions. The amount and timing of any purchases will depend on market price and other market conditions and factors. Sam Moore Sam Moore (born Samuel David Moore, 12 October 1935, Miami, Florida) is an American Southern Soul singer. Overview Moore is best known for his work as Sam of the soul duo Sam & Dave, where he was the higher tenor voice, and featured as lead vocal on most of their biggest , Thomas Nelson's Chairman and President, stated "We believe that the stock, at its current valuation, represents an attractive investment opportunity for the Company. The action by the Board reflects its confidence in the Company's future." Thomas Nelson Thomas Nelson may refer to:
Thomas Nelson's stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (TNM-NYSE). CONTACT: Thomas Nelson Inc., Nashville Joe L. Powers, 615/902-1300, fax: 615/883-6353 or http://www.ThomasNelson.com |
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