The Shuman Law Firm is investigating the proposed buyout of American Greetings by members of the company’s founding family, who are already majority shareholders.
The offer of around $532 million led by the Weiss family equates to just over $17 per share in cash for public shareholders in American Greetings, but this is significantly below the company’s book value of $19.48 per share according to YCharts. It is this issue specifically that Shuman’s will focus on.
It has been stated by legal practitioners in relation to this case that: “it is unreasonable to sell a company that has stable business and minimum capital expenditure below the book value, especially to the company’s senior management.”
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative litigation.
