Apollo agrees to buy Cedar Fair theme parks for $2.4 Billion!
http://finance.yahoo.com/news/Apollo-to-buy-amusement-park-apf-396629545.html?x=0
Wow! That's huge!!! :o
So now theprivate equity firm owns AMC Entertainment, Claire's, Harrah's Entertainment, Norwegian Cruise Line and Realogy (Coldwell Banker and Century 21 Real Estate)+ Knott's Berry Farm, Kings Island, Canada's Wonderland, Worlds of Fun, Kins Dominion, Kings Island and the company's flagship park, Cedar Point? Wow.
Well, Cedar Fair investors are upset over what they feel is an "unfair takeover" and have filed five separate lawsuits (more are expected) to stop the sale. Read more here: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20091224/BUSINESS03/912240348 (http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20091224/BUSINESS03/912240348)