{"id":4334,"date":"2006-04-27T00:00:00","date_gmt":"2006-04-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"card-sharks-hedge-fund-battles-to-win-topps","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2006\/card-sharks-hedge-fund-battles-to-win-topps.html","title":{"rendered":"Hedge Fund Battles to win Topps"},"content":{"rendered":"<p><span>New York Post &#8211; A feisty hedge fund has revived its battle for control of Brooklyn-based Topps, after the legendary maker of baseball cards and Bazooka gum failed to sell itself lastyear.<\/span><\/p>\n<p>  <span>Pembridge Capital Management, which owns 1 percent of The Topps Co. shares, re-launched its proxy fight yesterday to put three handpicked members on the company&#8217;s board and allow a minority  group of shareholders to oust other board members.<\/span><\/p>\n<p>  <span>A vote on the resolution could come at the annual meeting, which has not been scheduled. Last year&#8217;s meeting was held on June 30.<\/span><\/p>\n<p>  <span>Shares in the 67-year-old Topps have traded sideways for years as both of its businesses &#8211; confections and entertainment &#8211; have struggled.<\/span><\/p>\n<p>  <span>Pembridge threatened Topps with a proxy fight last year, but called it off when the company hired Lehman Brothers to sell its confectionery business, which accounts for more than half the  company&#8217;s $294 million in annual sales.<\/span><\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/8-0&amp;fd=R&amp;url=http:\/\/www.nypost.com\/business\/65108.htm&amp;cid=0&amp;ei=0ndQROmSBIfOpwLj4t1Y\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Post &#8211; A feisty hedge fund has revived its battle for control of Brooklyn-based Topps, after the legendary maker of baseball cards and Bazooka gum failed to sell itself lastyear. Pembridge Capital Management, which owns 1 percent of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4334","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4334"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4334\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}