Deluxe Launches Tender Offer for New England Business Service, Inc.
26 May 2004 - 1:30AM
PR Newswire (US)
Deluxe Launches Tender Offer for New England Business Service, Inc.
ST. PAUL, Minn., May 25 /PRNewswire-FirstCall/ -- Deluxe
Corporation announced today that its wholly owned subsidiary has
commenced a previously announced tender offer for all of the
outstanding shares of common stock of New England Business Service,
Inc. at $44.00 per share, net to seller, in cash. The tender offer
is being made pursuant to an Agreement and Plan of Merger, dated as
of May 17, 2004. The tender offer will expire at 11:59 p.m. EDT,
June 23, 2004 unless extended. The offer is conditioned upon, among
other things, there being validly tendered and not withdrawn more
than 67 percent of shares outstanding of New England Business
Service, on a fully diluted basis. The Bank of New York is the
Depositary for the tender offer and Georgeson Shareholder
Communications Inc. is the Information Agent. This announcement is
neither an offer to purchase nor a solicitation of an offer to sell
shares of New England Business Service, Inc. Deluxe is filing a
tender offer statement today with the Securities and Exchange
Commission (SEC) and New England Business Service is filing a
solicitation/recommendation statement with respect to the offer.
New England Business Service shareholders are advised to read the
tender offer statement regarding the acquisition of New England
Business Service referenced in this news release, and the related
solicitation/recommendation statement. The tender offer statement
and the solicitation/ recommendation statement contain important
information which should be read carefully before any decision is
made with respect the offer. These documents will be made available
to all shareholders of New England Business service at no expense
to them. These documents will also be available at no charge on the
SEC's web site at http://www.sec.gov/ . 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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