Shareholders of Topps OK acquisition
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.
