BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of American Greetings Corp. (“American Greetings” or the “Company”) (NYSE: AM) related to the proposed acquisition of the Company. A group led by Chief Executive Officer Zev Weiss and Chief Operating Officer Jeffrey Weiss offered to take the company private for approximately $580 million, or $17.18 per share.
This investigation concerns the Board of Directors’ process for consideration of the proposed acquisition, and whether American Greetings is acting in its shareholders’ best interests. The Company has seen substantial recent growth. Its share price has skyrocketed from $12.66 on August 2, 2012 to $16.30 on September 14, 2012. Further, at least one analyst has set a target price for the Company’s stock at $30.00 per share.
If you are a shareholder of American Greetings, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
Source: Law Offices of Howard G. Smith