Upper Deck Sues Topps

Auto Date Thursday, June 7th, 2007

Topps announed on Wednesday that Upper Deck and Northwood Investors are suing it and other involved in the purchase of Topps by Tornante Co, LLC and Madison Dearborn partners.

Topps had agreed to be acquired for $9.75 per share in March and in May Upper Deck made an unsolicited offer of $10.75 per share.

Upper Deck alledges that Topps breached a confidentiality agreement that they had signed and fraudulently induced Upper Deck into entering into an agreement.

[tags]Upper Deck, Topps[/tags]

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