Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (1578)	6/18/2007 9:50:02 AM
From: richardred	Respond to of 7242

Topps Postpones Shareholder Meeting Monday June 18, 9:41 am ET Topps Postpones Shareholder Meeting in Compliance With Court Order NEW YORK (AP) -- Topps Co., maker of baseball cards and Bazooka bubble gum, on Monday officially postponed a shareholder meeting to vote on a planned acquisition after a court ordered the company to do so last week. The court said on Thursday that Topps must provide shareholders more information on a competing bid before holding a vote, which had been set for June 28, on an offer by a group of investors led by former Disney Co. chief executive Michael Eisner. In March, Eisner's Tornante Co. LLC and Chicago-based private equity firm Madison Dearborn Partners LLC agreed to pay $9.75 a share, which represented a premium of 9.4 percent when they first made the offer. The deal received regulatory approval on April 3, but requires shareholder approval. Upper Deck Co., a rival to Topps in the sports memorabilia market, trumped that bid with a $10.75 per-share offer. Topps management said that bid may not be "superior," a legal term that would require a review. The Topps board said Monday it has not withdrawn or amended its recommendation that shareholders accept the Tornante-led bid. biz.yahoo.com