privatisation

TowerView opposes Weiss family’s bid to privatise American Greetings

A major shareholder of American Greetings, investment fund TowerView LLC, has announced that it intends to vote against the $878 million privatisation deal led by the publishing giant’s controlling Weiss family. The news comes just a few weeks after the Weiss family announced that it would pay between $18.20 and $18.35 per share in cash

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American Greetings’ shareholders sue over privatisation bid

Following news earlier this month that the Shuman Law Firm is investigating the proposed buyout of American Greetings by members of the company’s founding family, several minority shareholders have announced their intention to sue the greetings card giant for what they consider to be an unfair bid. The plaintiffs allege that members of the Weiss

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