Cedar Fair purchase a done deal?
Analyst not convinced two-thirds threshold a sure thing.
Monday, 21 December 2009
Apollo Global Management's $2.4 billion purchase of Cedar Fair requires approval from the owners of at least two-thirds of Cedar Fair's outstanding units. The people who own the units must be persuaded that the $11.50 per unit offer is a good deal.
But Cedar Fair executives and Apollo managers have not persuaded analyst Jeffrey Thomison of Hilliard Lyons, a financial consulting firm in Louisville, Ky. He's not convinced they can reach the two-thirds threshold to make the deal go through.
Cedar Point Trip Planning Q&A
Questions about Cedar Point? Ask a question and let the park's biggest fans help plan your trip.