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.

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Thursday, March 18, 2010 1:18 PM
Jason Hammond's avatar

With Knotts, that puts the no votes at 31.3%

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Sunday, March 21, 2010 1:04 PM
Shawn Meyer's avatar

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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