Elliott Investment Management to acquire a majority stake in American Greetings from Clayton, Dubilier & Rice.

Elliott Investment Management, a Florida-based investment firm, agreed to acquire a majority stake in American Greetings, a designer and manufacturer of social expression products. from Clayton, Dubilier & Rice, a private equity firm. Financial terms were not disclosed. "We look forward to partnering with Elliott as we continue to expand our Celebrations portfolio across more product categories, customers, and geographies. This is an exciting opportunity to better serve our associates, consumers, and retail partners," John Compton, Clayton, Dubilier & Rice Partner.