Upper Deck to Shorten Redemption Time

Auto Date Wednesday, April 18th, 2007

According to Beckett, Upper Deck President Richard McWilliam announced at the Mainland Trade Conference being held in Ft. Lauderdale, FL. that Upper Deck intends to move to a 45-day turnaround time for redemptions.  His goal is to ship 95% of the redemptions within 45 days.

He acknowledges that redemptions are very frustrating to the consumer and over the last few months operations have been reorganized in order to meet the objective.

[tags]Upper Deck, Redemption[/tags]

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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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Beckett April Fools Stories

Auto Date Monday, April 2nd, 2007

Beckett has posted a series of April Fool’s stories with some pretty funny headlines:

Woman Mistakenly Smokes $2 Million Wagner Tobacco Card

Collector Suffocates in Display Case Mishap

Thorpe Game-Used Underwear acquired for $300,000

Massive Find of 1952 Topps Baseball in Estate Sale

Gretzky Demands RC Tag For WHA Card

Card Backs Hold Secret to Universe Claims Cosmologist

Enjoy!

[tags]Beckett, April Fools[/tags]

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Topps Launches Online Video Channel – Topps TV

Auto Date Friday, March 16th, 2007

Topps has launched an online video section on their website titled TOPPS TV.  According to Topps, the objective of TOPPS TV is to deliver interesting, engaging and up-to-date video that will educate and excite sports fans and collectors.

Currently listed videos include:

  • Topps Case Breaks
  • Atlanta Braves Photo day featuring Topps Photographer Mikey Palmer

Keeping inline with the Web’s movement towards social, sharing sites, Topps will allow visitors to submit their own videos.

In the future, they plan to show monthly hobby reports and footage of major sporting/hobby events such as the 2007 MLB All-Star Fanfest.

[tags]Topps, Topps TV[/tags]

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Topps sold for $385 Million

Auto Date Tuesday, March 6th, 2007

 It was announed today that Topps, which has been run by the Shorin family for nearly 60 years, is in the process of being sold to Tornante Company LLC and Madison Dearborn Partners, LLC.  Michael Eisner, former CEO of Disney, is the head of Tornante.

Topps which is publicly traded on the NASDAQ exchange is being sold for $385.4 million.  Each Topps stockholder will receive $9.75 in cash per share of  stock they own.

Michael Eisner said, “Topps is a wonderful company with a powerful brand portfolio and a rich history. Topps’ management team and employees are the best in the business, and we look forward to working with all of them to grow the company in new and exciting ways.”

The transaction is subject to the approval of stockholders and is scheduled to be completed later in 2007.  It is not a sure thing though as Topps intends to solicit higher bids over the next month or two.

[tags]Topps[/tags]

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