Topps goes private
EmptyTopps' shareholders approved a $385.4 million private-equity takeover of the baseball card and Ring Pop candy maker, the company said Wednesday. CEO Arthur Shorin told shareholders that the deal had enough votes to pass at the end of a special meeting.
The meeting had been postponed three times as the company sought the votes it needed. Michael Eisner's Tornante investment firm and Madison Dearborn Partners agreed in March to take the company private for $9.75 a share. Eisner is a former Disney CEO.