Cedar Fair sale

The Wall Street Journal is reporting that Apollo Management LP is expected to acquire Cedar Fair for about $700 million.

The deal would also include the assumption of $1.6 billion of debt, said people familiar with the matter.

Based in Sandusky, Cedar Fair owns 11 theme parks in the United States and Canada, including Cedar Point and Kings Island.

Barring last-minute snags, the deal by the buyout firm is likely to be announced in the coming days, these people said.

http://www.sanduskyregister.com/article ... 502985.txt

[slosprint]

i hope they don't ruin the franchise.

Here is a much longer article.

Interesting.

It's official. It was on the news that the deal is done.

This could be good or bad, going private gives them way more flexibility, so that should be good. You don't spend well over 2 billion to buy something to change it or destroy the franchise, you spent that much because of the franchise. They no longer have to answer to thousands of share holders and all the dealings that go along with be traded on a stock market.

As long as I can still go to Cedar Point, with it Being the good old Cedar Point, I won't have a problem, if they change stuff, I might be mad, but I still better be able to ride Millennium Force and Maverick!

I heard they're taking them down to be replaced with trees.

[slosprint]

^ lol. (at least i hope that was a joke)

WHAT!?!?!?!?!?!!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!? T_T nooooooooooooooo

Its interview time!

http://www.sanduskyregister.com/article ... 096786.txt

I'm hoping for the best with this sell. I would not be surprised if things change a bit at all of the parks. I'm hoping that the changes will be beneficial to both the guest and the employees. I have a feeling that things are going to turn towards wanting to make money their number one objective and gearing things toward that. It'll be interesting to see what the summer brings. I'm still in it for the long haul!!

Oh, and I'm glad that Dick is staying!!!

Update on the merger!

http://www.mcall.com/news/local/all-ced ... 9170.story

Its not a merger, its a buyout. A failed buyout at that.

^that line is getting old.

Originally posted by Tetsu

Its not a merger, its a buyout. A failed buyout at that.

Why is it a failed buyout?

^a buyout that failed

[Dirk_Ermen]

Originally posted by kooliokid

^a buyout that failed

He asked WHY not WHAT...

Originally posted by alias1236

Originally posted by Tetsu

Its not a merger, its a buyout. A failed buyout at that.

Why is it a failed buyout?

Well, first of all they need 2/3 to pass the buyout. Already the top three investors, one of which owns about 1/3, already have publicly said they will vote no. Thats why its a failed buyout.

Originally posted by Tetsu

Originally posted by alias1236

Originally posted by Tetsu

Its not a merger, its a buyout. A failed buyout at that.

Why is it a failed buyout?

Well, first of all they need 2/3 to pass the buyout. Already the top three investors, one of which owns about 1/3, already have publicly said they will vote no. Thats why its a failed buyout.

What do you think will happen if it falls through?

They will do what they always do. Split the company up and sell parts of it and keep a small part for themselves.