On April 6, 2018, Clayton, Dubilier & Rice and American Greetings Corporation today completed the previously-announced transaction in which CD&R-managed funds acquired a 60% ownership stake in American Greetings, a designer, manufacturer and distributor of greeting cards, gift packaging, party goods, and stationery products. The Weiss Family, descendants of Jacob Sapirstein, who founded the company, in 1906, retained a 40% stake in the business.
On August 7, 2013, American Greetings Corporation announced the completion of its acquisition by the Weiss Family. On that date, American Greetings’ shareholders approved the merger agreement at a special meeting held on at the Company’s headquarters in Cleveland, Ohio. The transaction closed and became effective August 9, 2013, resulting in American Greetings becoming a privately held company. As a result of the transaction, American Greetings’ Class A common shares were delisted from the New York Stock Exchange.
If you are a shareholder of American Greetings, please read the following important information. Under the terms of the Merger Agreement and its subsequent amendment, each share of American Greetings common stock will be exchanged for $19.00 in cash. Immediately following the close of the transaction, our paying agent, Wells Fargo Shareowner Services, mailed a Letter of Transmittal to all shareholders of American Greetings. In order to receive cash for your shares, you will need to complete the Letter of Transmittal and return it to Wells Fargo Shareowner Services along with any certificates for shares of American Greetings Class A or Class B stock that you have in your possession. The method by which you send your stock certificates to Wells Fargo is at your option and your risk, but it is recommended that the documents be sent by registered mail or other traceable method and insured for 2% of the value of your shares to cover the cost of replacing the shares should they be lost in transit. Shareholders who have not yet submitted their Letter of Transmittal and stock certificate(s) are asked to do so at their earliest convenience.
Shareholders who cannot locate their Letter of Transmittal, need assistance completing the Letter of Transmittal, or have a question regarding the status of their shares should contact Wells Fargo Shareowner Services. Any one of Wells Fargo’s representatives will be able to assist you.
WELLS FARGO SHAREOWNER SERVICES IS NOW EQUINITI (EQ)
We are pleased to inform you that the Wells Fargo
Shareowner Services division of Wells Fargo Bank, N.A., has been acquired by Equiniti Group plc.
Toll Free 1-800-401-1957
EQ Shareowner Services
PO Box 64854
St Paul MN 55164-0854
EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights MN 55120-4100
The Company’s auditors are Ernst & Young, LLP.