Tags: American Greetings | Private | Weiss Family | Greeting Card

American Greetings Taken Private by Weiss Family

Friday, 09 Aug 2013 10:58 AM

The card company American Greeting is no longer trading on the New York Stock Exchange after being taken private by the family that has run the company for more than a century.

The Weiss family said it would acquire the Cleveland company in April, along with a group of investors.

The deal, which closed Friday, values the company at about $580 million, or $878 million including assumed debt and the settlement of stock options.

Chief Operating Officer Jeff Weiss says the family is excited to return the company to its roots as a family-owned business.

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The card company American Greeting is no longer trading on the New York Stock Exchange after being taken private by the family that has run the company for more than a century.
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2013-58-09
Friday, 09 Aug 2013 10:58 AM
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