Health and Fitness Health and Fitness
Fri, September 28, 2012
[ Fri, Sep 28th 2012 ] - Market Wire
call for signatures
Thu, September 27, 2012

The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of American


Published on 2012-09-27 09:01:21 - Market Wire
  Print publication without navigation


NEW YORK--([ ])--Levi & Korsinsky is investigating the Board of Directors of American Greetings Corporation (aAmerican Greetingsa or the aCompanya) (NYSE: AM) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a merger proposal from the Companyas CEO, Zev Weiss, and President and COO Jeffrey Weiss.

Click here to learn how to join the action: [ http://zlk.9nl.com/american-greetings-am ], or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the proposed transaction, American Greetings shareholders would receive $17.18 per share of American Greetings stock they own. The proposed transaction has a total approximate value of $532 million. The investigation concerns, among other things, whether the consideration to be paid to American Greetings shareholders is unfair, inadequate, and substantially below the fair or inherent value of American Greetings stock. In particular, at least one analyst set a price target for American Greetings stock at $30.00 per share.

If you own common stock in American Greetings and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or [ http://zlk.9nl.com/american-greetings-am ].

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contributing Sources