Elliott Investment Management Acquires Majority Interest in American Greetings

February 3, 2025

Elliott Investment Management will purchase a majority ownership stake in American Greetings, with CD&R and the Weiss family retaining a significant minority stake. The transaction is focused on accelerating American Greetings’ growth across its Celebrations portfolio and geographic footprint.

Buyers
Elliott Investment Management L.P., Clayton, Dubilier & Rice, Weiss family (descendants of Jacob Sapirstein)
Targets
American Greetings Corporation
Location
Ohio, United States
Transaction Type
Buyout

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