Barclays, Deutsche Others Support CD&R American Greetings Buy

Clayton, Dubilier & Rice managed funds are acquiring a 60% ownership stake in American Greetings. The Weiss Family, descendants of Jacob Sapirstein, who founded the company in 1906, will retain a 40% stake in the business. Terms of the transaction were not disclosed.

Japanese Banks Bid on GE’s Local Commercial Finance Operations

The Wall Street Journal reported several Japanese megabanks submitted nonbinding bids for GE’s Japanese commercial finance operations, which are expected to several billion dollars.