Top management team to take American Greetings private

04/1/2013 | Internet Retailer

Chairman Morry Weiss and his sons, CEO Zev Weiss and COO Jeffrey Weiss, aim to take digital greeting card seller American Greetings private in a deal valued at $878 million. The deal, which still requires board approval, calls for the buyout group to pay $18.20 per share to non-family shareholders, plus a dividend if the deal closes by July.

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