Upper Deck Bottoms Out On Topps

by The Editors on August 21, 2007

Portal LogoudIn the battle of the sports trading card giants it appears that Carlsbad’s Upper Deck has decided to terminate its tender offer for all outstanding share of Topps Co., Inc. . .

and added that the action of Topps made conditions precedent to the tender offer incapable of being satisfied. Further, Upper Deck said that all shares of Topps previously tendered and not withdrawn under the tender offer would be returned promptly in accordance with the terms of the tender offer.

Let’s just say that Upper Deck is not happy with the Topps board right now. And the deal is off.

[Link: RTT News]

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