American greetings corp. board of directors under investigation for potential breaches of fiduciary duty by glancy binkow & goldberg llp

Los angeles--(business wire)--glancy binkow & goldberg llp 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 louis boyarsky, esquire, glancy binkow & goldberg llp, 1925 century park east, suite 2100, los angeles, ca 90067, by telephone at (310) 201-9150 or toll free at (888) 773-9224 or by email to shareholders@glancylaw.com. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
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