The shuman law firm investigates american greetings corporation
Boulder, colo.--(business wire)--the shuman law firm today announced that it is investigating claims in connection with the proposed buyout of american greetings corporation (“american greetings” or the “company”) (nyse: am) by members of company’s founding family. under the terms of the proposal, public shareholders of american greetings will receive $17.18 per share in cash for each share of american greetings stock they own for a total of approximately $532 million. according to ycharts, this proposed buyout price is well below the company’s book value of $19.48 per share. the firm’s investigation focuses on this issue. as one seeking alpha article stated with respect to this transaction, “it is unreasonable to sell a company that has stable business and minimum capital expenditure below the book value, especially to the company's senior management.” if you currently own american greetings common stock and would like a free consultation concerning your rights and interests, please contact kip shuman, esq. or rusty glenn, esq. toll-free at 866-974-8626 or email mr. shuman at kip@shumanlawfirm.com or mr. glenn at rusty@shumanlawfirm.com. the shuman law firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative litigation.
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