Levi & Korsinsky, LLP investigates possible breach of fiduciary duty by the Board of Cedar Fair

Legal firm looking into breaches of fiduciary duty.

Thursday, 17 December 2009

Levi & Korsinsky is investigating the Board of Directors of Cedar Fair LP for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Apollo Management. Under the terms of the transaction, Cedar Fair shareholders will receive $11.50 in cash for each Cedar Fair share of common stock they own for a total transaction value of approximately $2.4 million, including debt.

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