The companies announced the offer was extended to permit the
dissemination of Egreetings’ year ended Dec. 31, 2000 audited financial
statements to Egreetings’ stockholders and to advise Egreetings’ stockholders
that AmericanGreetings.com has waived, to the extent such waiver may be
necessary, the condition of the offer with respect to increases in certain
liabilities of Egreetings, based upon the financial information received by
AmericanGreetings.com to date.
The tender offer was scheduled to expire at midnight EST on March 12,
2001. AmericanGreetings.com does not anticipate extending the expiration date
further.
As of the close of business on March 12, 2001, a total of 27,659,463 shares of Egreetings common stock, or approximately 82.71 percent of the outstanding shares, had been tendered and not withdrawn.
