American Greetings Corp's founding family has reached a deal to purchase the gift card and party goods company, valuing it at about $878 million. Shareholders excluding the Weiss Family and related entities will receive $18.20 per share in cash, plus a dividend of 15 cents per share. The stock closed at $16.10 on Thursday on the New York Stock Exchange.
American Greetings Corporation (American Greetings) is engaged in the design, manufacture and sale of everyday and seasonal greeting cards and other social expression products. Shares of AM remained unchanged at $16.10. In the past year, the shares have traded as low as $12.53 and as high as $17.49. On average, 211036 shares of AM exchange hands on a given day and today's volume is recorded at 1175793.
Source
