Buy-out play, current price lower than offered per share buy out proposal
And its Baseball cards, how can you go wrong with baseball

top brand

BUY

Cheap, likely to take off

Topps (TOPP)
An investor group including Topps' director Arnaud Ajdler and Crescendo Investments II wrote to Topps' board, criticizing it for actions taken at a March 13 meeting. As reported, the board blocked two directors from officially monitoring acquisition offers that might compete with a recently announced -- and controversial -- bid to buy the trading-card company for about $385 million. Topps expressed concern over whether Ajdler and investor Timothy Brog could "adequately represent the best interests of the company's stockholders" given their "publicly stated opposition" to Topps' proposed merger with Tornante Co. and Madison Dearborn Partners. The Crescendo group holds 2,547,700 shares (6.6%).

Topps (TOPP)
An investor group including Topps Director Arnaud Ajdler and Crescendo Investments believes a pending merger with Tornante and Madison Dearborn Partners isn't in Topps' best interest. The group holds 2.5 million shares (6.6%).

3-6-2007
In an amended 13D filing this morning on Topps Co. Inc. (Nasdaq: TOPP), 6.6% holder Crescendo Partners and its representative on the Board of Directors, Arnaud Ajdler, delivered a letter to the other members of the Board expressing their belief that the $9.75 per share merger transaction announced this morning with Michael Eisner's The Tornante Company and Madison Dearborn Partners is not in the best interests of the Company's shareholders and does not maximize shareholder value.