NEW YORK, Sept. 28, 2012 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of American Greetings Corporation ("American Greetings" or the "Company") (NYSE:AM) of claims of 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. A complaint was filed in Ohio state court.
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 claims concern, 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.
CONTACT: 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 www.zlk.com