Does Apollo want to merge Cedar Fair and Six Flags?

More challenges for Cedar Fair while speculation rises that Apollo wants to merge Cedar Fair with Six Flags.

Wednesday, 10 March 2010

Cedar Fair is facing yet another challenge in mustering up shareholder support for the company's proposed acquisition by a New York private equity firm: three highly regarded independent advisory firms are telling shareholders to vote "no."

Meanwhile, according to a story posted on the Wall Street Journal's Web site on Tuesday evening, creditors of bankrupt Six Flags believe that Apollo Global Management could be planning to merge Cedar Fair with Six Flags, if the investment firm succeeds in buying the Sandusky-based company.

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