Deluxe Completes Tender Offer for New England Business Service, Inc.
June 25 2004 - 3:00PM
PR Newswire (US)
Deluxe Completes Tender Offer for New England Business Service,
Inc. ST. PAUL, Minn., June 25 /PRNewswire-FirstCall/ -- Deluxe
Corporation (NYSE:DLX) today announced the successful completion of
the cash tender offer for all outstanding shares of common stock of
New England Business Service, Inc. (NYSE:NEB). The tender offer,
which commenced on May 25, 2004, expired at 11:59 p.m. EDT on
Thursday, June 24, 2004. A total of approximately 13.1 million
shares of NEBS common stock were validly tendered and not withdrawn
prior to the expiration of the offer, representing 98 percent of
the outstanding shares of NEBS. Deluxe has accepted these shares
and payment will be made promptly. Deluxe expects to complete the
acquisition of NEBS later today through a short-form merger in
which shares of common stock not purchased in the tender offer will
be converted into the right to receive $44.00 per share in cash,
without interest. A letter of transmittal to be used for
surrendering certificates in exchange for the cash will be sent to
holders who did not tender their shares in the offer. About Deluxe
Corporation Deluxe Corporation provides personal and business
checks, business forms, labels, personalized stamps, fraud
prevention services and customer retention programs to banks,
credit unions, financial services companies, consumers and small
businesses. The Deluxe group of businesses reaches clients and
customers through a number of distribution channels: the Internet,
direct mail, the telephone and a nationwide sales force. Since its
beginning in 1915, Deluxe Corporation has been instrumental in
shaping the U.S. payments industry. More information about Deluxe
can be found at http://www.deluxe.com/ . About New England Business
Service, Inc. NEBS is a leading business-to-business company with
approximately 3.1 million active small business customers in the
United States, Canada, the United Kingdom and France. It supplies a
wide variety of business products and services including checks,
forms, packaging supplies, embossed foil anniversary seals and
other printed material which are marketed through direct mail,
telesales, a direct sales force, dealers, dedicated distributors
and the Internet. NEBS also designs, embroiders and sells specialty
apparel products through distributors and independent sales
representatives to the promotional products/advertising specialty
industry, primarily in the United States. More information about
NEBS can be found at http://www.nebs.com/ . DATASOURCE: Deluxe
Corporation CONTACT: Stuart Alexander, Vice President, Investor
Relations, +1-651-483-7358, or Douglas J. Treff, Senior Vice
President, Chief Financial Officer, +1-651-787-1587, both of Deluxe
Corporation Web site: http://www.deluxe.com/ http://www.nebs.com/
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