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Cedar Fair's largest shareholder not interested in possible higher bid for amusement park company

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Cedar Fair's largest shareholder not interested in possible higher bid for amusement park company

Top shareholder wants firm to talk with lenders

Posted March 18, 2010, 5:21A by Walt

Q Funding, Cedar Fair's largest shareholder said yesterday that it would continue to oppose the company's proposed sale to Apollo Global Management no matter the price.

Besides Q Funding, mutual fund Neuberger Berman LLC, which controls shares totaling 9.6 percent, was against the deal. Stephen R. Knott, of Cedar Fair's Knott's Berry Farm theme park in California, said yesterday the family's shares totaling 3.6 percent were cast as "no" votes.

Read more from the Toledo Blade

Read more from the Plain Dealer

Read more from the Sandusky Register

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Jason Hammond
March 18, 2010, 1:18P

Re: Cedar Fair's largest shareholder not interested in possible higher bid for amusement park company

With Knotts, that puts the no votes at 31.3%

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Shawn Meyer
March 21, 2010, 1:04P

Re: Cedar Fair's largest shareholder not interested in possible higher bid for amusement park company

This sucks. I hope this doesn't mean bankruptcy like Six Flags had to do down the road for Cedar Fair.

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