Thursday, May 18, 2006

Topps Full Value Committee Files Prelim Proxy

Topps Full Value Committee has filed a preliminary proxy with the SEC seeking to elect their nominees to the Board. The committee in conjunction with Pembridge Value and Crescendo Partners owns approximately 5.8% of the common stock. The shareholder activists are disappointed with management results and declining share price of Topps (Nasdaq:TOPP) over the past five years. This could be a messy one.