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American Greetings To Go Public

American Greetings Corp., which sells digital greeting cards and related products online, has reached a deal to be taken private by a buyout group owned by the Weiss family, which dominates top management of the company. The deal is valued at $878 million, including the e-retailer’s debt obligations. The Weiss family includes the company’s chairman, Morry Weiss, as well as his sons, Zev, the chief executive, and Jeffrey, the president and chief operating officer. 

Read the whole story at Internet Retailer »

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