Execs Pony Up $878M In American Greetings Go-Private Deal

Law360, New York (April 1, 2013, 2:18 PM EDT) -- American Greetings Corp. is going private in a $878 million buyout that will see the cardmaker acquired by its chairman and his two sons, along with a $240 million investment by a subsidiary of Koch Industries Inc.

The announcement comes after a six-month review by a special committee of American Greetings' directors, which was formed in September when Morry Weiss and his sons, CEO Zev Weiss and Chief Operating Officer and President Jeffrey Weiss, first announced plans to acquire the company they have headed since 2003....
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