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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 14D-9
SOLICITATION/RECOMMENDATION STATEMENT
UNDER SECTION 14(d)(4) OF THE
SECURITIES EXCHANGE ACT OF 1934
AMENDMENT NO. 1
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NEW ENGLAND BUSINESS SERVICE, INC.
(Name of Subject Company)
NEW ENGLAND BUSINESS SERVICE, INC.
(Name of Person(s) Filing Statement)
Common Stock, par value $1.00 per share
(Including associated Series A Participating
Preferred Stock purchase rights)
(Title of Class of Securities)
643872104
(CUSIP Number of Class of Securities)
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Richard T. Riley
President and Chief Executive Officer
New England Business Service, Inc.
500 Main St.
Groton, MA 01471
(978) 448-6111
(Name, address and telephone number of person authorized
to receive notice and communications on behalf of the
person(s) filing statement)
With a copy to:
David T. Brewster
Skadden, Arps, Slate, Meagher & Flom LLP
One Beacon Street
Boston, Massachusetts 02108
(617) 573-4800
[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
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Amendment No. 1 to Schedule 14D-9
This Amendment No. 1 amends and supplements the Solicitation/Recommendation
Statement on Schedule 14D-9 of New England Business Service, Inc., a Delaware
corporation (the "Company"), filed with the Securities and Exchange Commission
on May 25, 2004 (the "Schedule 14D-9") relating to the offer by Hudson
Acquisition Corp., a Delaware corporation and an indirect wholly owned
subsidiary of Deluxe Corporation, a Minnesota corporation ("Parent"), to
purchase all of the outstanding shares of common stock, par value $1.00 per
share (the "Common Shares"), of the Company, including the associated rights
("Rights") to purchase shares of preferred stock of the Company issued pursuant
to the Amended and Restated Rights Agreement dated October 20, 1994 as amended
as of November 1, 2001 and May 17, 2004, between the Company and EquiServe Trust
Company, N.A., as rights agent (the Common Shares, together with the Rights, the
"Shares"), at a price of $44.00 per Share, net to the seller in cash, without
interest thereon, upon the terms and subject to the conditions set forth in the
Offer to Purchase dated May 25, 2004 and in the related Letter of Transmittal
dated May 25, 2004, copies of which were filed as Exhibits (a)(1)(A) and
(a)(1)(B) to the Schedule TO filed by Parent on May 25, 2004, as amended (the
"Schedule TO") (which, together with any amendments or supplements thereto,
constitute the "Offer"). All capitalized terms used herein and not defined
herein shall have the meanings set forth in the Schedule 14D-9.
Item 8. Additional Information to be Furnished.
Item 8(f) of the Schedule 14D-9 is hereby amended and supplemented as follows:
On June 2, 2004, Parent issued a press release announcing that it has
withdrawn its Hart-Scott-Rodino notification with respect to the Offer and the
Merger and will re-file on Friday, June 4, 2004. Unless the FTC requests
additional information from Parent, the waiting period under the HSR Act will
expire at 11:59 P.M., New York City time, on Monday, June 21, 2004. The full
text of the press release issued by Parent is attached as Exhibit (a)(5)(F) to
the Schedule TO, as amended, and is incorporated herein by reference.
Item 8 of the Schedule 14D-9 is hereby amended and supplemented by adding the
following:
(g) Employee-Related Questions and Answers.
On June 3, 2004, the Company distributed to its employees a list of
employee-related questions and answers relating to the Offer. A copy of the list
of employee-related questions and answers is filed as Exhibit (a)(11) hereto and
is incorporated herein by reference.
Item 9. Exhibits.
Item 9 of the Schedule 14D-9 is hereby amended and supplemented by adding the
following exhibits:
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Exhibit No.
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Exhibit (a)(10) Press Release issued by Parent on June 2, 2004
(incorporated by reference to Exhibit (a)(5)(F)
to the Schedule TO)
Exhibit (a)(11) List of Employee-Related Questions and Answers
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
NEW ENGLAND BUSINESS SERVICE, INC.
By: /s/ Daniel M. Junius
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Name: Daniel M. Junius
Title: Executive Vice President, Chief Financial
Officer and Treasurer
Dated: June 3, 2004
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INDEX TO EXHIBITS
Exhibit No.
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Exhibit (a)(1) Offer to Purchase dated May 25, 2004 (incorporated by
reference to Exhibit (a)(1)(A) to the Tender Offer Statement
on Schedule TO, filed by Parent and Purchaser with respect
to the Company on May 25, 2004, as amended (the "Schedule
TO"))
Exhibit (a)(2) Letter of Transmittal dated May 25, 2004 (incorporated by
reference to Exhibit (a)(1)(B) to the Schedule TO)
Exhibit (a)(3) Press Release issued by Parent dated May 17, 2004
(incorporated by reference to Exhibit 99.1 to the Schedule
TO-C filed by Parent and Purchaser on May 17, 2004) and
Transcript of conference call by Parent on May 17, 2004
relating to the proposed acquisition of the Company by
Parent (incorporated by reference to Exhibit 99.1 to the
Schedule TO-C of Purchaser and Parent filed on May 17, 2004)
Exhibit (a)(4) Press Release issued by the Company dated May 17, 2004
(incorporated by reference to Exhibit 99.1 to the
Schedule 14D-9 filed by the Company on May 17, 2004)
Exhibit (a)(5) Notice to Participants in the 401(k) Plan For Employees of
the Company dated May 25, 2004*
Exhibit (a)(6) Summary Advertisement published in The Wall Street Journal
dated May 25, 2004 (incorporated by reference to Exhibit
(a)(5)(A) to the Schedule TO)
Exhibit (a)(7) Letter to Stockholders of the Company dated May 25, 2004*
Exhibit (a)(8) Letter to Brokers, Dealers, Commercial Banks, Trust
Companies and Other Nominees (incorporated by reference to
Exhibit (a)(1)(E) to the Schedule TO)
Exhibit (a)(9) Letter to Clients for Use by Brokers, Dealers, Commercial
Banks, Trust Companies and Other Nominees (incorporated by
reference to Exhibit (a)(1)(F) to the Schedule TO)
Exhibit (a)(10) Press Release issued by Parent on June 2, 2004
(incorporated by reference to Exhibit (a)(5)(F) to the
Schedule TO)
Exhibit (a)(11) List of Employee-Related Questions and Answers**
Exhibit (e)(1) Opinion of Morgan Stanley & Co. Incorporated dated May 16,
2004 (included as Annex A to this Statement)
Exhibit (e)(2) Agreement and Plan of Merger dated as of May 17, 2004,
among Parent, Purchaser and the Company (incorporated by
reference to Exhibit (d)(1) to the Schedule TO)
Exhibit (e)(3) The Information Statement of the Company
dated as of May 25, 2004 (included as Annex B to this
Statement)
Exhibit (e)(4) Confidentiality Agreement between Parent and the Company
dated February 12, 2004 (incorporated by reference to
Exhibit (d)(2) to the Schedule TO)
Exhibit (e)(5) Amendment No. 1 dated as of November 1, 2001 and Amendment
No. 2 dated May 17, 2004 to the Amended and Restated Rights
Agreement dated as of October 20, 1994, between the Company
and EquiServe Trust Company, N.A., as Rights Agent*
Exhibit (e)(6) Letter Agreement dated May 9, 2003, between the Company and
George P. Allman (incorporated by reference to Exhibit 10.16
to the Company's Annual Report on Form 10-K for the fiscal
year ended June 28, 2003)
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Exhibit(e)(7) Form of Change in Control Severance Agreement between the
Company and certain executive officers of the Company
(incorporated by reference to Exhibit 10.15.1 to the
Company's Annual Report on Form 10-K for the fiscal year
ended June 30, 2001)
Exhibit (e)(8) Form of First Amendment to Change in Control and
Severance Agreement dated May 5, 2003, between the Company
and certain executive officers of the Company (incorporated
by reference to Exhibit 10.6 to the Company's Quarterly
Report on Form 10-Q for the fiscal quarter ended March 29,
2003)
Exhibit (e)(9) List of Executive Officers of the Company Who Have Entered
Into Change in Control Agreements (incorporated by
reference to Exhibit 10.13.1 to the Company's Annual Report
on Form 10-K for the fiscal year ended June 28, 2003)
Exhibit (e)(10) Change in Control Severance Agreement dated January 23,
2004, between the Company and Richard T. Riley
(incorporated by reference to Exhibit 10.2 to the Company's
Quarterly Report on Form 10-Q for the fiscal quarter ended
March 27, 2004)
Exhibit (g) None
Annex A Opinion of Morgan Stanley & Co. Incorporated dated May 16, 2004
Annex B The Information Statement of the Company dated as of May 25, 2004
* Previously filed on May 25, 2004 as an exhibit to the Schedule 14D-9
** Filed herewith
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