March 6, 2007
The Topps Company announces agreement to be acquired by Michael Eisner's Tornante Company and private equity firm Madison Dearborn Partners for approximately $385.4 million.
On March 6, Willkie client The Topps Company, Inc. announced that it has entered into a definitive agreement to be acquired by Michael Eisner's The Tornante Company LLC and private equity firm Madison Dearborn Partners, LLC for approximately $385.4 million. Under the terms of the agreement, stockholders of Topps, the iconic baseball-card maker, will receive $9.75 per share in cash. Tornante, founded by former Walt Disney Co. chairman and CEO Michael Eisner, makes investments in and develops companies and opportunities in the areas of media and entertainment. Founded in 1938, Topps is a leading creator and marketer of sports and related cards, entertainment products, and distinctive confectionery, including "Bazooka" bubble gum. The transaction was handled by partners Steven Gartner and William Gump, and associates Mark Getachew and Manuel Miranda.
