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Originally Posted by Aquarian Sports Cards
Is there any chance that the timing of all this has repercussions? I don't know a ton about big business and mergers and what is and isn't kosher, but the timing of the Fanatics announcement clearly seems intended to queer the Topps merger deal. If they then pick up Topps at a discount, is that all squeaky clean and just legal corporate raiding at its best?
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I'm very ignorant about legal matters such as this, but it seems to me like it wouldn't matter when they made the announcement because regardless of they announced it today or 3 months from now, it would still have the same effect of greatly devaluing Topps. The timing of it affects who might be holding the Topps bag when it happens, but from fanatics perspective, whenever they announce, Topps value plummets and they can probably acquire them for pennies on the dollar. Investing in a company whose entire valuation is tied to a licensing deal seems like a risky investment to me. If they lose that license, they go from hero to zero overnight.