The Topps Company has postponed a stockholders meeting to consider an acquistion agreement with the Michael Eisner-controlled Tornante Co. from August 30th to September 19th in order to give shareholders a chance to 'evaluate recent developments,' namely Upper Deck's decision to withdraw its offer (see 'Upper Deck Says No to Topps') and Topps' reaction (see 'Topps Fires Back').

The Topps shareholder meeting was originally scheduled for late June (see 'Topps Reschedules Meeting'), then reset for August 30th (see 'Topps Showdown Set').  Dissident Topps stockholders expressed disappointment at the postponement of the meeting into September.  Eric Rosenfeld of Crescendo Partners, one of the leaders of the dissident group, issued a statement claiming that had the meeting been held on Thursday, 'the $9.75 merger offer would not receive the stockholder support necessary for approval.'  According to Rosenfeld, the Tornante offer was announced on March 5th and Topps shareholders have had plenty of time consider it.