Pharma Investments, Ventures & Law Weekly
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Recycled Paper Greetings, Inc.
Recycled Paper Greetings Announces Agreement to be Acquired by American Greetings Corp.
January 18th, 2009
Recycled Paper Greetings, Inc. (RPG) announced a definitive agreement with Cleveland-based American Greetings Corp. under which American Greetings would acquire RPG. The agreement will be subject to regulatory review before being finalized, and it marks the culmination of RPG's efforts in 2008 to seek restructuring of the company's debt. As part of the acquisition, American Greetings will provide the needed financing for RPG both to fund future growth initiatives and satisfy the company's financial obligations. According to RPG Chief Executive Officer Jude Rake, today's announced acquisition signals an important new phase in the history of the...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-18)
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