A majority stake in American Greetings (AG) has been sold by the company’s founding Weiss family to New York-based private equity firm Clayton, Dubilier & Rice (CD&R), in a deal that was announced on Tuesday February 13. The deal comes approximately five years after the Weiss family took AG private in 2013. CD&R acquired a
Majority stake in American Greetings sold to private equity firm Read More »
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
TowerView opposes Weiss family’s bid to privatise American Greetings Read More »
The majority shareholders in card publishing giant American Greetings, (AM) Chief Executive Zev Weiss and Chief Operating Officer Jeffrey Weiss, have offered to raise their bid to acquire all outstanding shares of the company that they and other family members do not already own. The news caused shares of AG to rise by 10 percent
Weiss family puts in revised offer for American Greetings Read More »
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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American Greetings Corp has received a private offer led by CEO Zev Weiss and his brother the chief operating officer Jeffrey Weiss, to buy the company for over $580 million. The bidding group, which also includes other investors and members of the executives’ families, is seeking to acquire all the common stock in American Greetings
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