For Friday, June 8, we look at American Greetings Corp.'s £212 million ($329.8 million) deal for bankrupt Clinton Cards plc. In this deal, American Greetings looked to a team at Jones Day for legal counsel, while corporate restructuring firm Zolfo Cooper received advice from Freshfields Bruckhaus Deringer LLP. The deal will reportedly save around 4,500 jobs.
Below are links to key content from The Deal Pipeline regarding aspects of this transaction. - Sarah Hashim-Waris
The Deal Pipeline article: American Greetings wins Clinton Cards bankruptcy auction
The Deal Pipeline article: Clinton Cards files for bankruptcy
Deal Memo: American Greetings-Clinton Cards
Bankruptcy Filing: Clinton Cards
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