Medialink Files Definitive Proxy For NewsMarket Deal
Special Meeting to be held on September 25, 2009
On Thursday August 27, 2009, 5:00 pm EDT
NEW YORK, Aug. 27 /PRNewswire-FirstCall/ -- Medialink Worldwide Incorporated (Nasdaq: MDLK - News), a leading provider of diversified media services for professional communicators and marketers, today announced that it filed with the Securities and Exchange Commission its definitive proxy statement related to the previously announced merger with a subsidiary of The NewsMarket, Inc.
As previously disclosed, on July 1, 2009, Medialink entered into an Agreement and Plan of Merger pursuant to which The NewsMarket, through a newly-formed wholly-owned subsidiary, will acquire all of the outstanding shares of Medialink's common stock at a price of $0.20 per share in cash. The Merger Agreement is subject to approval by Medialink's shareholders. Medialink's board of directors has unanimously recommended a "for" vote approving the Merger Agreement.
Medialink also announced that it will be holding a Special Meeting of its shareholders on September 25, 2009, for the approval of the Merger Agreement. The proxy statement will be mailed beginning on or about September 2, 2009, to all of Medialink's shareholders of record as of the close of business on August 3, 2009. Medialink and The NewsMarket continue to work on a comprehensive integration strategy to ensure a smooth and speedy transition after closing.
"We are thrilled to be proceeding with the proxy process and are looking forward to obtaining shareholder approval at the Special Meeting," said Kenneth Torosian, Chief Financial Officer of Medialink. "The preliminary integration work and the transition planning we have been doing with The NewsMarket have been going extremely well, reinforcing our optimistic view of the opportunities the merger will afford the combined entity."
