ELLIOTT INVESTMENT MANAGEMENT TO ACQUIRE MAJORITY INTEREST IN AMERICAN GREETINGS [Globe and Mail, The (Toronto, Canada)]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Globe and Mail, The
Corporation ("AG") announced today an agreement under which Elliott will purchase a majority ownership stake in American Greetings, a global leader in the large and enduring Celebrations marketplace. Terms of the transaction were not disclosed. Recognizing the tremendous opportunity ahead, CD&R and the Weiss family, descendants of Jacob Sapirstein , who founded the company in 1906, will maintain a significant minority ownership interest in American Greetings. American Greetings is a creator, manufacturer, and distributor of physical and digital Celebration products worldwide with iconic brands, including American Greetings, Papyrus, and Carlton Cards. Its digital business is a leading provider of digital greetings and premium Celebrations content through proprietary technology platforms and apps, with popular digital brands, including American Greetings, Blue Mountain Jacquie Lawson , SmashUps™, and Creatacard™. American Greetings partners with a wide range of leading global custo
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