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Deluxe closes RDM acquisition

Deluxe Corp. has completed the acquisition of all the issued and outstanding common shares of RDM Corp. for a cash consideration of C$131 million.

Waterloo, Ontario-based RDM is a provider of remote deposit capture software, hardware and digital imaging solutions for financial institutions and corporate clients.

RDM's stock was acquired for C$5.45 per share in cash. With the completion of the acquisition, RDM's common shares are expected to cease trading and be delisted from the Toronto Stock Exchange following the close of trading on or about April 5.