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Can't this guy cut a deal without complications? The former Mouse House CEO has gotten the baseball card company Topps in a tizzy by proposing the buy the company (along with a private equity firm) for $385 million, or $9.75 a share (the stock is trading at around $10). A couple of Topps directors got the heave-ho earlier this week from a committee looking for a better deal because they had voted against the Eisner group and were deemed unfit to objectively analyze any other offers. One of those directors claims that "Topps continues to ignore the will of its shareholders and continues to be run as a private club. This must stop.''
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.