Former Disney CEO Micheal Eisner currently “finds himself the unwitting star of the second installment of his own worst nightmare,” according to Businessweek. This time it all hinges on his bid to take over bubblegum maker Topps, a business that the Carlsbad-based trading card company Upper Deck would very much like to own.
After initially resisting the overture from Upper Deck, the Topps board will announce on Monday, July 9, whether it intends to entertain Upper Deck’s offer. That would likely send Eisner to the showers, according to those with knowledge of the media mogul, who say he is unlikely to increase his $9.75-per-share offer.
I guess we’ll see on Monday.
[Link: Businessweek and Chicago Tribune]
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