Cedar Fair's largest shareholder says it will vote against the sale of the company
Q Funding III L.P. will vote against acquisition offer.
Friday, 22 January 2010
The largest shareholder of Cedar Fair Entertainment Co. said Friday that it will vote against an acquisition offer from private equity firm Apollo Global Management.
Q Funding III L.P., a Texas investment firm that owns 9.8 percent of
Cedar Fair's limited partner units, said "it does not believe it makes
sense to vote for the merger and effectively sell at $11.50 when a
holder can sell in the market for a higher price."
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