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Filed by: Deluxe Corporation
Pursuant to Rule 425 under the Securities Act of 1933
Deluxe Commission File No.:001-07945
Subject Company: Deluxe Corporation
Deluxe Corporation
P.O. Box 64235
St. Paul, MN 55164-0235
(651) 483-7111
For additional information:
Stuart Alexander
Vice President
Investor Relations
(651) 483-7358
Paul H. Bristow
Executive Vice President
Chief Financial Officer
eFunds Corporation
(414) 341-5713
April 5, 2000
eFunds Corporation Files Registration Statement
for Initial Public Offering
St. Paul, Minn.--Deluxe Corporation (NYSE: DLX) and eFunds Corporation (proposed
Nasdaq NMS: EFDS) announced today that eFunds has filed a registration statement
with the Securities and Exchange Commission for an initial public offering of
common stock in the proposed aggregate maximum offering amount of $100,000,000.
In addition, the company has granted the underwriters an option to purchase an
aggregate of $15,000,000 of additional shares of common stock to cover
overallotments, if any. The offering will be underwritten by Lehman Brothers,
Bear, Stearns & Co. Inc., FAC/Equities and John G. Kinnard and Company.
eFunds provides end-to-end electronic debit payment solutions to financial
institutions, retailers, electronic funds transfer networks and e-commerce
providers. eFunds is a wholly owned subsidiary of Deluxe. Deluxe has announced
that it plans to distribute all of Deluxe's shares of eFunds common stock to
Deluxe's shareholders through an offer to exchange their shares of
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Deluxe common stock for Deluxe's shares of eFunds common stock on a tax-free
basis. Deluxe has submitted a private letter ruling request to the Internal
Revenue Service asking for confirmation that the exchange offer will be tax free
to Deluxe and its shareholders for U.S. federal income tax purposes.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any State in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such State.
Copies of the preliminary prospectus may be obtained from Lehman Brothers, c/o
ADP Financial Services, Prospectus Fulfillment, 55 Mercedes Way, Edgewood, NY
11717, (516) 254-7106.
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