We mentioned on Tuesday that Carlsbad based trading card giant Upper Deck had pulled out of their $416 million bid to purchase the Topps Co, Inc. That of course caused Topps’ stock to tumble 7% and made them a little angry according to the San Diego Union Tribune.
In a statement, Topps said the cancellation of Upper Deck’s $416 million offer was proof that the proposal had always been a “sham.” . . The New York company, which also owns the Bazooka and Ring Pop brands, said it would hold Carlsbad-based Upper Deck accountable for all “damages suffered by Topps and our stockholders.”
The Topps board was hoping to be purchased by an investment group led by former Disney head Michael Eisner.
[Link: San Diego Union Tribune]
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