SDCFans - The Unofficial Fan Site For Silver Dollar City
General Category => Other Parks => Topic started by: tinmann620 on December 22, 2009, 07:47:06 AM
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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
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Wow! That's huge!!! :o
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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.
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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)