American Greetings (AM +4.6%) pops as the Weiss family raises its bid for the company to...

|About: American Greetings Corpo... (AM-OLD)|By:, SA News Editor

American Greetings (AM +4.6%) pops as the Weiss family raises its bid for the company to $19/share after a major shareholder - TowerView LLC (run by Daniel Tisch) - said it would oppose the earlier offer of $18.20. TowerView has no comment on the raised price. Kudos to SA Pro's Whopper Investments for spotting another takeover bid as likely to be raised (OUTD was the other).