August 9, 2007 |
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.
June 26, 2007 |
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.
June 7, 2007 |
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.
September 1, 1994
MPS Photographic Services Inc. in Fountain Valley has filed a lawsuit against Upper Deck Inc. and onetime California Angel third baseman Doug DeCinces, a former president of the sports card company. The case, filed Tuesday in Orange County Superior Court, alleges that DeCinces and Upper Deck committed fraud and breached a July, 1993, service contract with MPS Photographic. MPS says it was contracted to supply services including printing, color-processing design and photography.
CALIFORNIA | LOCAL
September 24, 1993 |
A shareholder in The Upper Deck Company has withdrawn a lawsuit charging that two Orange County men used their positions with a baseball card company to reprint famous cards, made valuable by errors, for personal profit, it was announced Thursday. In a two-page statement released by the company, shareholder William Hemrick admitted that the lawsuit he recently filed in Orange County Superior Court was based on misleading information provided by a disgruntled former employee.
May 13, 1993 |
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.