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BUSINESS
July 3, 1993 | From Times Staff and Wire Reports
Upper Deck Co. Wins Round in Court: Judge James Cook of Orange County Superior Court overturned a $33.1-million jury award against the baseball card manufacturer, saying that actions by the plaintiff's lawyer prevented the company from getting a fair trial. In a written order, Cook said the May 21 jury decision against Upper Deck, based in Carlsbad in San Diego County, could not stand because there was "insufficiency of the evidence to justify the verdict and the verdict is against the law."
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BUSINESS
August 23, 2007 | From Times Wire Reports
Shares of baseball card company Topps Co. fell 7% on Wednesday after hostile suitor Upper Deck Co. dropped its $417-million bid, leaving Topps with a $378-million offer from a buyout group and a firm led by former Walt Disney Co. Chief Executive Michael Eisner. Topps said it planned to "hold Upper Deck accountable for all damages suffered by Topps and our stockholders, as a result of Upper Deck's actions." In May, Upper Deck disclosed its unsolicited offer of $10.
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BUSINESS
May 22, 1993 | DEAN TAKAHASHI, TIMES STAFF WRITER
An Orange County jury determined Friday that two lawyers who sued Upper Deck Co., a fast-growing baseball-card maker, should receive a $33.1-million award for their 3% stake in the company. Last week the jury found that Upper Deck executives gave a 3% share of the company to Anthony J. Passante Jr. when the company was started in Yorba Linda in 1988. Passante subsequently agreed to split the stake with Andrew J. Prendiville.
BUSINESS
August 22, 2007 | From Times Wire Services
Upper Deck Co. withdrew its offer Tuesday to buy rival baseball card maker Topps Co., clearing one obstacle in the way of a proposed private equity takeover of the iconic sports memorabilia company. New York-based Topps, maker of baseball cards and Bazooka bubble gum, has recommended that shareholders approve a deal with investors, including a group led by former Walt Disney Co. Chief Executive Michael Eisner. Shareholders are scheduled to complete a vote on that deal next week.
BUSINESS
August 23, 2007 | From Times Wire Reports
Shares of baseball card company Topps Co. fell 7% on Wednesday after hostile suitor Upper Deck Co. dropped its $417-million bid, leaving Topps with a $378-million offer from a buyout group and a firm led by former Walt Disney Co. Chief Executive Michael Eisner. Topps said it planned to "hold Upper Deck accountable for all damages suffered by Topps and our stockholders, as a result of Upper Deck's actions." In May, Upper Deck disclosed its unsolicited offer of $10.
BUSINESS
June 26, 2007 | From Times Wire Services
Upper Deck Co., a closely held maker of baseball cards, launched a tender offer Monday to buy shares of rival Topps Co. for $10.75 each. The offer, which expires July 24, values Topps at about $425 million, Upper Deck said. Topps has agreed to be acquired by a group led by former Walt Disney Co. Chief Executive Michael Eisner for $9.75 a share.
BUSINESS
June 15, 2007 | From Times Wire Services
Topps Co., the baseball trading-card maker that agreed to be sold to a group led by former Walt Disney Co. Chief Executive Michael Eisner, must postpone a shareholder vote on the deal until rival Upper Deck Co. can make a bid, a judge ruled Thursday. Delaware Chancery Judge Leo Strine Jr.
BUSINESS
July 10, 2007 | From Times Wire Services
Directors of Topps Co., the maker of baseball cards and Bazooka gum, recommended that shareholders vote against a $425-million tender offer from Upper Deck Co. because of concerns about getting antitrust approval. Topps, based in New York, agreed in March to be acquired by Tornante Co., led by former Walt Disney Co. Chief Executive Michael Eisner, and Madison Dearborn Partners for about $9.75 a share, or $384.5 million. In May, Topps said Upper Deck had made a higher offer, about $10.75 a share.
BUSINESS
August 9, 2007 | From Times Wire Services
Topps Co., the maker of baseball cards and Bazooka bubble gum, questioned how serious Upper Deck Co.'s interest in buying the company was after it failed to review a draft merger agreement based on its $425-million offer. Upper Deck didn't respond to attempts to complete the accord after weeks of talks and the expiration of an antitrust waiting period, Topps said in a letter to lawyers for Carlsbad, Calif.-based Upper Deck.
BUSINESS
June 7, 2007 | From Bloomberg News
Topps Co. and some of its directors were sued by rival baseball-card maker Upper Deck Co. over claims that Topps breached a confidentiality agreement reached during merger talks. Upper Deck, joined in the suit by Topps investor Northwood Investors, also sought an injunction to block shareholders from voting June 28 on the company's sale to a Michael Eisner-led investment group, Topps said Wednesday in a regulatory filing. Topps, based in New York, agreed March 6 to be bought for $384.
BUSINESS
August 21, 2007 | From Reuters
new york -- Influential proxy advisory firm Institutional Shareholder Services recommended Monday voting against the takeover of baseball card company Topps Co. by a private equity firm and an investment group led by former Walt Disney Co. chief Michael Eisner. ISS said that investors should oppose the $384.5-million bid from Madison Dearborn Partners and Tornante Co. because there was an alternative, higher bid being offered by rival Upper Deck Co. for $425 million.
BUSINESS
August 9, 2007 | From Times Wire Services
Topps Co., the maker of baseball cards and Bazooka bubble gum, questioned how serious Upper Deck Co.'s interest in buying the company was after it failed to review a draft merger agreement based on its $425-million offer. Upper Deck didn't respond to attempts to complete the accord after weeks of talks and the expiration of an antitrust waiting period, Topps said in a letter to lawyers for Carlsbad, Calif.-based Upper Deck.
BUSINESS
July 10, 2007 | From Times Wire Services
Directors of Topps Co., the maker of baseball cards and Bazooka gum, recommended that shareholders vote against a $425-million tender offer from Upper Deck Co. because of concerns about getting antitrust approval. Topps, based in New York, agreed in March to be acquired by Tornante Co., led by former Walt Disney Co. Chief Executive Michael Eisner, and Madison Dearborn Partners for about $9.75 a share, or $384.5 million. In May, Topps said Upper Deck had made a higher offer, about $10.75 a share.
BUSINESS
June 26, 2007 | From Times Wire Services
Upper Deck Co., a closely held maker of baseball cards, launched a tender offer Monday to buy shares of rival Topps Co. for $10.75 each. The offer, which expires July 24, values Topps at about $425 million, Upper Deck said. Topps has agreed to be acquired by a group led by former Walt Disney Co. Chief Executive Michael Eisner for $9.75 a share.
BUSINESS
June 15, 2007 | From Times Wire Services
Topps Co., the baseball trading-card maker that agreed to be sold to a group led by former Walt Disney Co. Chief Executive Michael Eisner, must postpone a shareholder vote on the deal until rival Upper Deck Co. can make a bid, a judge ruled Thursday. Delaware Chancery Judge Leo Strine Jr.
BUSINESS
June 7, 2007 | From Bloomberg News
Topps Co. and some of its directors were sued by rival baseball-card maker Upper Deck Co. over claims that Topps breached a confidentiality agreement reached during merger talks. Upper Deck, joined in the suit by Topps investor Northwood Investors, also sought an injunction to block shareholders from voting June 28 on the company's sale to a Michael Eisner-led investment group, Topps said Wednesday in a regulatory filing. Topps, based in New York, agreed March 6 to be bought for $384.
BUSINESS
August 21, 2007 | From Reuters
new york -- Influential proxy advisory firm Institutional Shareholder Services recommended Monday voting against the takeover of baseball card company Topps Co. by a private equity firm and an investment group led by former Walt Disney Co. chief Michael Eisner. ISS said that investors should oppose the $384.5-million bid from Madison Dearborn Partners and Tornante Co. because there was an alternative, higher bid being offered by rival Upper Deck Co. for $425 million.
BUSINESS
May 13, 1993 | GREG JOHNSON, TIMES STAFF WRITER
An Orange County Superior Court jury on Wednesday unanimously agreed with two local attorneys who have long insisted that they own a 3% share in Upper Deck Co., the fast-growing baseball-card company. The 12-member Santa Ana jury deliberated for more than a day before determining that Upper Deck executives gave the 3% share to attorney Andrew Passante Jr. in 1988. Passante subsequently agreed to split the 3% stake with Andrew J. Prendiville, said Vincent J. Bartolotta Jr.
BUSINESS
May 25, 2007 | Dawn C. Chmielewski, Times Staff Writer
Upper Deck Co. is looking to seize the upper hand from Michael Eisner. The trading card company trumped the former Walt Disney Co. chief executive's bid for venerable bubble gum and card maker Topps Co. with an unsolicited $416-million offer made public Thursday. Eisner leads an investment group bidding $385 million. So far, he's holding his cards close to the vest and isn't commenting. Upper Deck's $10.
BUSINESS
July 3, 1993 | From Times Staff and Wire Reports
Upper Deck Co. Wins Round in Court: Judge James Cook of Orange County Superior Court overturned a $33.1-million jury award against the baseball card manufacturer, saying that actions by the plaintiff's lawyer prevented the company from getting a fair trial. In a written order, Cook said the May 21 jury decision against Upper Deck, based in Carlsbad in San Diego County, could not stand because there was "insufficiency of the evidence to justify the verdict and the verdict is against the law."
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