Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DELUXE CORPORATION

(DLX)
  Report
Delayed Quote. Delayed Nyse - 12/06 04:10:00 pm
34.44 USD   +2.38%
11/22Deluxe to Participate in Upcoming Investor Conference
BU
11/19DELUXE CORPORATION : Ex-dividend day for
FA
11/16Deluxe to Participate in Upcoming Investor Conference
BU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Deluxe Corporation completed the acquisition of FAPS Holdings Inc. from Ontario Teachers' Pension Plan Board, Stella Point Capital, LP.

06/01/2021 EST

Deluxe Corporation (NYSE:DLX) entered into a definitive agreement to acquire FAPS Holdings Inc. for $960 million from Ontario Teachers' Pension Plan Board, Stella Point Capital, LP on April 21, 2021. The purchase price is subject to customary adjustments for cash, debt, net working capital, transaction expenses and certain tax benefits. Deluxe expects to finance the acquisition with a combination of cash-on-hand and the proceeds of new debt financings, and in connection with the merger has obtained a $2.2 billion financing commitment from JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Truist Bank, Fifth Third Bank, National Association and U.S. Bank National Association. Deluxe will finance the acquisition with a combination of secured and unsecured debt. As of May 17, 2021, Deluxe Corporation intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of senior unsecured notes due 202. Deluxe Corporation intends to use the net proceeds from the Offering to fund a portion of the purchase price of its pending acquisition of FAPS Holdings, Inc. Upon closing, FAPS will operate as a subsidiary of Deluxe. Upon close of the transaction, the First American Payment Systems, L.P., subsidiary of FAPS, management team will join the Deluxe Payments team, led by Mike Reed, President of Deluxe Payments and Neil Randel, Chief Executive Officer of First American, will become Managing Director, Merchant Services. The FAPS Acquisition is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended and regulatory approvals. The transaction is not subject to any financing condition. The shareholders of FAPS have approved the transaction and no further shareholder approvals are required. The board of directors of both the companies have approved the transaction. The transaction is expected to close in the second quarter of 2021. Cowen and Company, LLC is serving as Deluxe’s exclusive financial advisor, while Michael J. Aiello and Matthew J. Gilroy of Weil, Gotshal & Manges LLP and Steven Khadavi and Hazen H. Dempster of Troutman Pepper Hamilton Sanders LLP are serving as legal advisors to Deluxe. Christopher Ewan and David McDonald of Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal advisors to FAPS Holdings Inc. Simpson Thacher & Bartlett LLP acted as legal advisor to FAPS Holdings Inc. Jessica Tuchinsky, Arthur D. Robinson, Jonathan E. Cantor, David Azarkh, Keith A. Noreika, Michael R. Isby, Genevieve Dorment, Jennifer A. Neilsson, Adam J. Cohen, Jennie Getsin and Abram J. Ellis of Simpson Thacher represented JPMorgan Chase Bank, N.A., as lead arranger and administrative agent, in providing financing for the acquisition. Deluxe Corporation (NYSE:DLX) completed the acquisition of FAPS Holdings Inc. from Ontario Teachers' Pension Plan Board, Stella Point Capital, LP on June 1, 2021.


© S&P Capital IQ 2021
All news about DELUXE CORPORATION
11/22Deluxe to Participate in Upcoming Investor Conference
BU
11/19DELUXE CORPORATION : Ex-dividend day for
FA
11/16Deluxe to Participate in Upcoming Investor Conference
BU
11/09Deluxe to Launch Sixth and Final Season of Acclaimed Small Business Revolution Series N..
BU
11/05DELUXE CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF..
AQ
11/04DELUXE REPORTS THIRD QUARTER 2021 RESULTS; DECLARES REGULAR DIVIDEND; AFFIRMS 2021 OUTL..
PU
11/04Deluxe Q3 Adjusted Profit Declines, Revenue Rises
MT
11/04DELUXE : Q3 Earnings Snapshot
AQ
11/04Earnings Flash (DLX) DELUXE CORPORATION Reports Q3 EPS $1.10, vs. Street Est of $1.08
MT
11/04Earnings Flash (DLX) DELUXE CORPORATION Posts Q3 Revenue $532.1M, vs. Street Est of $52..
MT
More news
Analyst Recommendations on DELUXE CORPORATION
More recommendations
Financials (USD)
Sales 2021 1 999 M - -
Net income 2021 77,9 M - -
Net Debt 2021 1 646 M - -
P/E ratio 2021 18,8x
Yield 2021 3,48%
Capitalization 1 467 M 1 467 M -
EV / Sales 2021 1,56x
EV / Sales 2022 1,39x
Nbr of Employees 6 123
Free-Float 99,3%
Chart DELUXE CORPORATION
Duration : Period :
Deluxe Corporation Technical Analysis Chart | DLX | US2480191012 | MarketScreener
Technical analysis trends DELUXE CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 34,44 $
Average target price 52,33 $
Spread / Average Target 52,0%
EPS Revisions
Managers and Directors
Barry C. McCarthy President, Chief Executive Officer & Director
Scott C. Bomar Chief Financial Officer & Senior Vice President
Cheryl E. Mayberry-McKissack Non-Executive Chairman
Michael S. Mathews Chief Information Officer
Peter J. Godich Chief Operating Officer & Senior Vice President
Sector and Competitors
1st jan.Capi. (M$)
DELUXE CORPORATION15.21%1 467
DAI NIPPON PRINTING CO., LTD.45.98%6 422
TOPPAN INC.21.79%5 238
SHENZHEN JINJIA GROUP CO.,LTD.47.56%3 097
CIMPRESS PLC-13.64%2 056
R. R. DONNELLEY & SONS COMPANY374.78%762