Shareholders of Topps OK acquisition
- Share via
From Times Wire Services
Topps Co., maker of baseball cards and Bazooka bubble gum, said investors holding 53.4% of its shares voted in favor of the $385-million acquisition by a Michael Eisner-led buyout group.
The company, based in New York, had rescheduled votes three times on the $9.75-a-share offer by former Walt Disney Co. chief Eisner’s Tornante Co. and Madison Dearborn Partners. Rival baseball card maker Upper Deck Co. had offered to buy Topps for $416 million before scrapping that proposal.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
