Upper Deck extends offer deadline for Topps; 30.52% of shares tendered to date

By Lisa Kerner

Charlotte, N.C., Aug. 10 - The Upper Deck Co. extended its $10.75-per-share tender offer for the Topps Co., Inc. to midnight ET on Aug. 29. The offer was set to expire at midnight ET on Aug. 10.

As of Friday, 111,829,601 shares, or about 30.52% of the company's outstanding stock, had been tendered, a company news release stated.

Upper Deck began its tender offer through its subsidiary, UD Co., Inc., on June 25. Originally, the tender was to end on July 24.

New York-based Topps creates and markets sports and related cards, entertainment products and confectionery. Upper Deck is a sports and entertainment publishing company based in Carlsbad, Calif.

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