American Greetings made its Internet division into a separate subsidiary and announced plans to take it public.
American Greetings is the third such attempt by the founders of a well-known US company in recent weeks.
FORBES: American Greetings Take-Private Is Chance To Retool An Aging Business
The company said Barclays Bank and Royal Bank of Scotland had sold its loan facilities to American Greetings.
Clinton said it had originally believed that American Greetings would extend these waivers.
American Greetings in Cleveland is one of the established greeting card companies that has taken a pass for now.
American Greetings and Hallmark make up 85 to 90% of the marketplace, says Kathy Krassner, GCA director of communications.
If the Weisses are successful in taking American Greetings private, enjoy your profit.
FORBES: American Greetings Stock Has Higher Prices In The Cards
American Greetings is essentially a paper-based business though it does offer electronic delivery of cards and musical cards, Hahn said.
FORBES: American Greetings Take-Private Is Chance To Retool An Aging Business
Maybe Mr. Weiss is aware that American Greetings trades well below its average price-to-sales ratio for the past three years of 0.48.
FORBES: American Greetings Stock Has Higher Prices In The Cards
While the banks had waived certain conditions for the loans, American Greetings had pressed for repayments that Clinton Cards could not meet.
May predicted that some kind of employee stock ownership plan could very well be an element in the structuring of the American Greetings buyout.
FORBES: American Greetings Take-Private Is Chance To Retool An Aging Business
In all, more than than 200 companies have official licensing agreements with Elvis Presley Enterprises, including greeting card maker American Greetings and candy giant Hershey.
Yes, that now includes Amazon.com and Corbis, the vast painting and photography collection owned by Bill Gates, as well as the usual suspects like Hallmark and American Greetings.
Papyrus, which started as a small family wholesale operation, has grown to include the brands Carlton Cards, American Greetings, Paper Thread, and four hundred and fifty Papyrus retail stores nationwide.
Whether or not this happens with American Greetings, the process of going private should give it time to augment growth so the family can decide what to do next, he said.
FORBES: American Greetings Take-Private Is Chance To Retool An Aging Business
"However, having secured control of the debt, American Greetings immediately informed the board that it intended to enforce the loan against the company, " the retailer said in a statement earlier on Wednesday.
One of the few success stories in a market in which many have failed, the company in recent years has swallowed up the remnants of once promising photo sites owned by Sony, Yahoo, American Greetings and, more recently, Kodak.
FORBES: Leave Instagram To Facebook: Shutterfly Is The Better Buy
In all, more than than 200 companies have official licensing agreements with Elvis Presley Enterprises, including greeting card maker American Greetings (nyse: AM - news - people ) and candy giant Hershey (nyse: HSY - news - people ).
Dick May, managing director of American Working Capital, a private equity firm in Los Angeles and Chicago, said the family that founded American Greetings is taking advantage of low multiples in an out-of-favor industry, as well as inexpensive debt financing to bet on its future.
FORBES: American Greetings Take-Private Is Chance To Retool An Aging Business
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