New England Business Service, Inc. Announces Consummation of Second Step Merger With PremiumWear, Inc.
GROTON, Mass.--(BUSINESS WIRE)--July 14, 2000--New England Business Service, Inc. (NYSE: NEB - news) today announced that, pursuant to an agreement and plan of merger, dated as of May 26, 2000, by and among NEBS, its wholly-owned subsidiary, Penguin Sub, Inc., and PremiumWear, Inc. (NASDAQ: WEAR - news), Penguin Sub has merged with and into PremiumWear, resulting in PremiumWear's becoming a wholly-owned subsidiary of NEBS.
NEBS also announced that, as a result of the merger, any outstanding shares of PremiumWear common stock (other than shares for which appraisal rights are sought under applicable Delaware law) not accepted for payment in connection with Penguin Sub's previously-completed tender offer for PremiumWear common stock at $13.50 per share in cash, have been converted into the right to receive $13.50 per share in cash, upon presentation to EquiServe Trust Company, N.A., the paying agent for the merger, of appropriate documentation by the holder of such PremiumWear shares. Within the next few days, EquiServe will mail to non-tendering stockholders materials to be used to exchange PremiumWear stock certificates for such payment.
New England Business Service, Inc. Announces Consummation of Second Step Merger With PremiumWear, Inc.
GROTON, Mass.--(BUSINESS WIRE)--July 14, 2000--New England Business Service, Inc. (NYSE: NEB - news) today announced that, pursuant to an agreement and plan of merger, dated as of May 26, 2000, by and among NEBS, its wholly-owned subsidiary, Penguin Sub, Inc., and PremiumWear, Inc. (NASDAQ: WEAR - news), Penguin Sub has merged with and into PremiumWear, resulting in PremiumWear's becoming a wholly-owned subsidiary of NEBS.
NEBS also announced that, as a result of the merger, any outstanding shares of PremiumWear common stock (other than shares for which appraisal rights are sought under applicable Delaware law) not accepted for payment in connection with Penguin Sub's previously-completed tender offer for PremiumWear common stock at $13.50 per share in cash, have been converted into the right to receive $13.50 per share in cash, upon presentation to EquiServe Trust Company, N.A., the paying agent for the merger, of appropriate documentation by the holder of such PremiumWear shares. Within the next few days, EquiServe will mail to non-tendering stockholders materials to be used to exchange PremiumWear stock certificates for such payment.
New England Business Service, Inc. Announces Consummation of Second Step Merger With PremiumWear, Inc.
GROTON, Mass.--(BUSINESS WIRE)--July 14, 2000--New England Business Service, Inc. (NYSE: NEB - news) today announced that, pursuant to an agreement and plan of merger, dated as of May 26, 2000, by and among NEBS, its wholly-owned subsidiary, Penguin Sub, Inc., and PremiumWear, Inc. (NASDAQ: WEAR - news), Penguin Sub has merged with and into PremiumWear, resulting in PremiumWear's becoming a wholly-owned subsidiary of NEBS.
NEBS also announced that, as a result of the merger, any outstanding shares of PremiumWear common stock (other than shares for which appraisal rights are sought under applicable Delaware law) not accepted for payment in connection with Penguin Sub's previously-completed tender offer for PremiumWear common stock at $13.50 per share in cash, have been converted into the right to receive $13.50 per share in cash, upon presentation to EquiServe Trust Company, N.A., the paying agent for the merger, of appropriate documentation by the holder of such PremiumWear shares. Within the next few days, EquiServe will mail to non-tendering stockholders materials to be used to exchange PremiumWear stock certificates for such payment. |
