The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Du
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of American Greetings Corporation in Connection with a Going Private Proposal
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of American Greetings Corporation ("American Greetings" or the "Company") (NYS: AM) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a merger proposal from the Company's 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 email@example.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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
KEYWORDS: United States North America New York Pennsylvania
The article The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of American Greetings Corporation in Connection with a Going Private Proposal originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.