On Tuesday, Upper Deck announced that they were withdrawing their offer for The Topps Co.

Upper Deck, which had offered $10.75 per share ($425 million), said in a letter that Topps put up roadblocks to the deal as apart of a “deliberate effort” to discredit Upper Deck publicly and within Topps, defeat its offer and justify management support of a $385 million offer from private equity firm Madison Dearborn Partners LLC and Tornante Co, an investment group led by former Walt Disney chief Michael Eisner.

Collectors everywhere are rejoicing!!!

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