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Deluxe Granted Hart-Scott-Rodino Clearance and Extends Tender
Offer for New England Business Service to June 24
ST. PAUL, Minn., June 17 /PRNewswire-FirstCall/ -- Deluxe Corporation
(NYSE:DLX) said today that it received early termination of the 15-day waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act for its pending
acquisition of New England Business Service, Inc. (NYSE:NEB). Deluxe also
announced that it has decided to extend the expiration of the tender offer
period for the pending acquisition to gain transaction reporting efficiencies
and to accommodate the market.
The tender offer, which commenced on May 25, 2004, and was scheduled to expire
at 11:59 p.m. EDT on Wednesday, June 23, 2004, has been extended to 11:59 p.m.
EDT on Thursday, June 24, 2004, subject to the terms and conditions of the
parties' Agreement and Plan of Merger and the tender offer, unless further
extended. The short extension facilitates the financial and tax reporting
processes associated with the completion of NEBS' fiscal year-end and the
consolidation with Deluxe's calendar year reporting. The extension also serves
to accommodate the market following the termination of the waiting period under
the Hart-Scott-Rodino Antitrust Improvements Act. As of the close of business
on June 16, 2004, approximately 827,000 shares of NEBS common stock,
representing approximately 6 percent of the total outstanding shares, had been
validly tendered and not withdrawn in connection with the tender offer.
Goldman Sachs and Co. is acting as dealer/manager, and Georgeson Shareholder
Communications is acting as the information agent of the tender offer.
This announcement is neither an offer to purchase nor a solicitation of an
offer to sell shares of New England Business Service, Inc. On May 25, 2004,
Deluxe filed a tender offer statement with the Securities and Exchange
Commission (SEC) and New England Business Service filed 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 to the offer. These documents have been made available to all
shareholders of New England Business Service at no expense to them. These
documents are also 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.nebs.com/
http://www.deluxe.com/