Topps Co. has delayed a vote on its proposed $385 million acquisition by the Tornante Co. LLC and Madison Dearborn Partners LLC until 3 p.m. EDT Wednesday. In a statement, Topps said based on preliminary estimates of the vote count, there were “substantially more” votes in favor of the transaction than against it, but it still did not have the 50%-plus votes needed to approve the deal. Stay tuned. —David Shabelman
Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'
Topps Co. has delayed a vote on its proposed $385 million acquisition by the Tornante Co. LLC and Madison Dearborn Partners LLC until 3 p.m. EDT Wednesday. In a statement, Topps said based on preliminary estimates of the vote count, there were “substantially more” votes in favor of the transaction than against it, but it still did not have the 50%-plus votes needed to approve the deal. Stay tuned. —David Shabelman 
