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Shareholders of Topps OK acquisition

September 26, 2007|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.

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