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American Greetings to go private
CLEVELAND — American Greetings announced that it has agreed to be taken private by a group led by some of its top executives for about $602 million.
The executive group was formed by the Weiss family — including chairman Morry Weiss; CEO Zev Weiss; director, president and COO Jeffrey Weiss and others — and will buy the shares of the company they don't already own for $18.20 a piece in cash. This amounts to a 13% premium to American Greetings' closing price of $16.10 last Thursday.
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Ice cream vendor gets tasty deal with Walmart
PHILADELPHIA — Walmart is adding Mini Melts ice cream automated kiosks to its stores.
"We are grateful for the opportunity to serve Walmart customers throughout the United States, by not only providing a premium ice cream product, but by doing so consistently with Walmart's low-price philosophy," said Dan Kilcoyne, president of Mini Melts USA.