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American Greetings Corp.
American Greetings, owner of Papyrus cards, goes private
American Greetings, owner of Papyrus cards, goes private

American Greetings Corp., one of the key companies responsible for all those “Gotcha!” greeting cards you’re getting for April Fools’ Day, will be taken private by its founding family in an $878-million deal. The agreement with the Weiss clan, involving company chairman Morry Weiss, Chief Executive Zev Weiss and President Jeffrey Weiss, still needs to be approved by shareholders. Extended members of the Weiss family have run the Cleveland company since it was launched more than a century ago. It became an over-the-counter stock in 1952, and pulls in about $1.7 billion in revenue a year, according to the company website. But technological advances and a...

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