ELLIOTT INVESTMENT MANAGEMENT TO ACQUIRE MAJORITY INTEREST IN AMERICAN GREETINGS
CLEVELAND, Dec. 20, 2024 /PRNewswire/ — Elliott Investment Management L.P. (“Elliott”), Clayton, Dubilier & Rice (“CD&R”), and American Greetings Corporation (“AG”) announced today an agreement under which Elliott will purchase a majority ownership stake in American Greetings, a global leader in the large and enduring Celebrations marketplace. Terms of the transaction were not disclosed. Recognizing the tremendous opportunity […]