Harwood Feffer LLP Announces Investigation of American Greetings, Corp.
Wednesday October 3, 2012
NEW YORK, NY (PR NEWSWIRE) (September 26, 2012) B Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of American Greetings, Corp (“American Greetings” or the “Company”) (NYSE: AM) concerning the proposal to take the company private by a management group including Chief Executive Officer Zev Weiss and his family, in a deal valued at roughly $581 million.
On September 26, 2012, it was announced that CEO Zev Weiss, President and Chief Operating Officer Jeffrey Weiss and other family members have offered $17.18 per share for each of the Company's Class A shares and the Class B shares they do not already own in a management buyout. At least one analyst estimates a value of $30.00 per share for American Greetings stock.
Our investigation concerns whether the American Greetings board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, and obtaining full and fair consideration for Company shareholders.
If you own American Greetings shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Matthew M. Houston, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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