According to the San Diego Business Journal:
Upper Deck Co. had officially made a bid buy rival Topps Co. for about $425 million, a move that could undermine an attempt by former Walt Disney Co. head Michael Eisner to acquire the trading card company. . . Upper Deck, a Carlsbad-based trading card and sports entertainment publishing company said late Monday that its offer values Topps’s shares at $10.75 each and would expire on July 24.
This story is much more complicated that it seems as Upper Deck had to force Topps into considering it’s offer. And some are suggesting that Topps managment hadn’t told share holders that Eisner was planning on “retain existing management.” For more on those details check out this story from AZcentral.com.
[Link: San Diego Business Journal]
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