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The Boston Globe

Business

Card maker American Greetings will go private

CLEVELAND — American Greetings has agreed to be taken private by a group led by some of its top executives in a deal that values the company at about $580 million.

The greeting card and gift seller said Monday that a group formed by the Weiss family, including chairman Morry Weiss, chief executive Zev Weiss, and others, will buy the shares of the company they don’t already own for $18.20 per share in cash.

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