Zev Weiss, the Company's CEO, said, "The family believes the transaction is a win for all concerned, including public shareholders. The negotiations with the Special Committee and its advisors were vigorous and arm's length, but we're pleased that we were able to come to an agreement that properly respects all parties' interests."Jeffrey Weiss, the Company's President and Chief Operating Officer, said, "We are excited to be able to lead the Company into the next chapter of its history. The transaction returns the company to private ownership in a way that we believe enables the Company to continue to serve the interests of its customers, employees, suppliers and the communities in which it operates as it has for over a century."
American Greetings Announces Definitive Acquisition Agreement
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