Topps says suitor can pursue its bid
- Share via
Topps Co., the maker of baseball cards and Bazooka bubble gum, said Upper Deck Co. was free to begin a $425-million bid for the company after an antitrust waiting period ended. The shares gained the most since a group led by Michael Eisner made a lower offer in March.
Topps, based in New York, continues to negotiate with sports-memorabilia maker Upper Deck, a closely held company based in Carlsbad, Calif. Topps said its board still supported the $384.5-million offer from a group led by Eisner, Walt Disney Co.’s former chief executive.
Shares of Topps rose 67 cents, or 7%, to $10.18.
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.
