Cedar Fair's largest shareholder not interested in possible higher bid for amusement park company
Top shareholder wants firm to talk with lenders
Thursday, March 18, 2010 5:21 AM
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.