Eisner may be in the Bazooka bubble gum business soon

Three directors of Topps Co, that manufactures sports trading cards and Bazooka bubble gum were not thrill with the fact that Eisner, Madison and other investors want to buy the company for $385.4 million in cash. It appears that this 59 year old company has finally begun to turn a profit with shares grow over 10 percent to close at $9.81 on the Nasdaq Stock exchange.

Since Michael Eisner resigned as CEO of Disney Co. in September 2005, he has been busy investing and forming other company’s like Eisner Tornante Co that invests in media and entertainment.. Eisner, Eisner’s Tornante Co. and Madison Dearborn Partners LLC want to pay about $9.75 per share according to Topps directors.

Many investors believe that the shares for Topps Co. can go higher due to the fact that the second-biggest shareholder of Topps, Amaud Ajdler who owns 6.6 percent of the company’s stock wants to shop around for a better offer.

Eisner who has the opportunity of teaming up with John Canning Madison Dearborn’s CEO, thinks that Topps is potentially a great company with a rich history and has an attractive portfolio. This may be a great opportunity for Topps Co. to grow since in recent years it has languished due to the proliferation of other competition.