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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report:
MERCOM, INC.
(Exact name of registrant as specified in its charter)
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Delaware 0-17750 38-2728175
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File no.) Identification No.)
105 Carnegie Center, Princeton,
New Jersey 08540-6215
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (609) 734-3737
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
On June 3, 1998, Cable Michigan, Inc. ("Cable Michigan") entered
into an Agreement and Plan of Merger dated as of that date (the "Agreement")
among Cable Michigan, Avalon Cable of Michigan Holdings Inc. ("Avalon Holdings")
and Avalon Cable of Michigan Inc. ("Avalon Sub"). Pursuant to the Agreement, and
subject to the terms and conditions set forth therein, Avalon Sub will merge
into Cable Michigan and the Cable Michigan will become a wholly owned subsidiary
of Avalon Holdings (the "Merger"). The Company understands that ABRY Partners,
Inc., a Boston-based private equity fund that invests primarily in media and
communications businesses, is the principal investor in Avalon Holdings.
As permitted by the Agreement, on June 4, 1998, Cable Michigan
made a proposal to the Board of Directors of Mercom, Inc. (the "Company"), in
which Cable Michigan holds a 62% interest, to acquire the outstanding shares
of the Company that Cable Michigan does not already own at a price of $11.00
per share. The Company has established a special committee composed of
independent directors to evaluate the proposal. There can be no assurances
that any transaction will be agreed upon or that any transaction will take
place.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Mercom, Inc.
By: Mark Haverkate
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Name: Mark Haverkate
Title: President and Chief
Operating Officer
June 16, 1998
