On August 7, 2013, American Greetings Corporation announced that at a special meeting of shareholders held on at the Company’s headquarters in Cleveland, Ohio, the American Greetings shareholders had approved the acquisition of the Company by the Weiss Family, decedents of the founding shareholders of the company. The acquisition 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 were a shareholder of American Greetings as of August 9, 2013, please read the following important information. Under the terms of the agreement and plan of merger (the “Merger Agreement”) under which the Company was acquired, each share of American Greetings common stock issue and outstanding on August 9, 2013, was converted into the right to receive $19.00 in cash. Immediately following the close of the transaction, the Company's 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. When you contact Wells Fargo, ask the representative to review your account for any open items such as unpaid dividend checks or dividend checks that were escheated to the shareholder’s state of residence due to lack of activity on the account. Any one of Wells Fargo’s representatives will be able to assist you.
Wells Fargo Shareowner Services
Corporate Actions Department
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120