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In a story exclusive to The Deal this morning, Pembridge Capital Management has declared itself ready to wage another shareholder revolt against New York trading card and candy manufacturer Topps Co. After the hedge fund abandoned plans last year to gain board representation, it is prepared to put the pressure on Topps to find a buyer. And coming up in The Daily Deal PDF midday edition and on TheDeal.com: the latest from the Enron Trial as Ken Lay blames bad press for the company’s failure; Australia’s Babcock & Brown will pay $2.23 billion for NorthWestern Corp. and likely end the spat between the company’s board and shareholders over the South Dakota utility’s future; and Iselin, N.J.-based catalyst maker Engelhard Corp. will remain independent and fend off a $4.9 billion hostile bid by BASF AG.— Carolyn Murphy
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