Topps Sale Approved by Feds

Auto Date Tuesday, April 3rd, 2007

Federal antiturst regulators approved the sale of Topps to the private equity firms Madison Dearborn partners and the Tornante Company.  The Tornante Company is led by former Disney executive Michael Eisner.

The transaction still requires shareholder approval and several of the large shareholders announced they were opposed to the deal when it was announced.  The price that was reported was $385.4 million.

[tags]Topps[/tags]

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