Lawrence J. Mosner

Deluxe Corporation, St. Paul, Minn., recently announced that it has entered into a definitive agreement to acquire New England Business Service, a Groton, Massachusetts-based provider of products and services to small businesses, for an estimated $587 million. Under the terms of the agreement, Deluxe will pay $44 in cash for each New England Business Service (NEBS) share and will assume NEBS' outstanding debt of approximately $160 million at the end of June. The acquisition is expected to close within 60 days and be accretive to Deluxe's earnings and cash flow for fiscal year 2005. It is expected to add between $.35 and $.45 in

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