Shareholders of PR video company Medialink (NASDAQ: MDLK) today approved the company’s merger with The Newsmarket. While Medialink continues to use the word “merger” in its releases, The NewsMarket has positioned the deal as an acquisition. News of the deal was first announced on July 2nd, 2009.
In a NewsMarket release from July, the company stated, “For the 12 month period ending March 31, 2009, Medialink recorded revenues of $17.95 million.” The NewsMarket bought shares at $.20, which represented a 100% premium of the from the last trading price of Medialink’s common stock on May 27, 2009.” Ergo Medialink stock last traded at $.10 per share.
Final paperwork is expected to be completed “no later than September 28, 2009,” said Medialink in a release.