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Freddie
So Did We
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 Posted - 12/16/2009 : 6:18:02 PM
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quote:
The Wall Street Journal is reporting that Apollo Management LP is expected to acquire Cedar Fair for about $700 million.
The deal would also include the assumption of $1.6 billion of debt, said people familiar with the matter.
Based in Sandusky, Cedar Fair owns 11 theme parks in the United States and Canada, including Cedar Point and Kings Island.
Barring last-minute snags, the deal by the buyout firm is likely to be announced in the coming days, these people said.
http://www.sanduskyregister.com/articles/2009/12/16/breaking_news/doc4b295d3e5707c911502985.txt
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flickr | last.fm | track record |
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slosprint
Pastafarian
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Posted - 12/16/2009 : 7:44:34 PM
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| i hope they don't ruin the franchise. |
Proud member of the Church of the Flying Spaghetti Monster |
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devilsrule911
Shapiro wants me alive for questioning
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Posted - 12/16/2009 : 9:45:10 PM
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| Here is a much longer article. |
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Kevin Brennan
Euphonium!
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Posted - 12/16/2009 : 9:50:51 PM
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| Interesting. |
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Diamondback_18
Kiddie Coaster Rider
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Posted - 12/17/2009 : 4:31:43 PM
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| It's official. It was on the news that the deal is done. |
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tracksix
Why am I not RIDING!!!!!
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Posted - 12/17/2009 : 5:09:20 PM
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| This could be good or bad, going private gives them way more flexibility, so that should be good. You don't spend well over 2 billion to buy something to change it or destroy the franchise, you spent that much because of the franchise. They no longer have to answer to thousands of share holders and all the dealings that go along with be traded on a stock market. |
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Randomman4
I ♥ HazBruv
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Posted - 12/18/2009 : 06:31:11 AM
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| As long as I can still go to Cedar Point, with it Being the good old Cedar Point, I won't have a problem, if they change stuff, I might be mad, but I still better be able to ride Millennium Force and Maverick! |
Cedar Point FTW |
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Freddie
So Did We
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Posted - 12/18/2009 : 10:11:10 AM
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| I heard they're taking them down to be replaced with trees. |
flickr | last.fm | track record |
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slosprint
Pastafarian
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Posted - 12/18/2009 : 10:31:06 AM
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| ^ lol. (at least i hope that was a joke) |
Proud member of the Church of the Flying Spaghetti Monster |
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yonniair
Kiddie Coaster Rider
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Posted - 12/21/2009 : 08:59:59 AM
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| WHAT!?!?!?!?!?!!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!?!? T_T nooooooooooooooo |
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Tetsu
Coaster Crazy Radio Host
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alias1236
Kiddie Coaster Rider
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Posted - 12/21/2009 : 8:17:28 PM
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| I'm hoping for the best with this sell. I would not be surprised if things change a bit at all of the parks. I'm hoping that the changes will be beneficial to both the guest and the employees. I have a feeling that things are going to turn towards wanting to make money their number one objective and gearing things toward that. It'll be interesting to see what the summer brings. I'm still in it for the long haul!! |
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alias1236
Kiddie Coaster Rider
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Posted - 12/21/2009 : 8:18:15 PM
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| Oh, and I'm glad that Dick is staying!!! |
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alias1236
Kiddie Coaster Rider
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Tetsu
Coaster Crazy Radio Host
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Posted - 02/17/2010 : 8:47:07 PM
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| Its not a merger, its a buyout. A failed buyout at that. |
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Jonny Richey
Gravity Group Fan
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Posted - 02/17/2010 : 9:18:51 PM
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| ^that line is getting old. |
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alias1236
Kiddie Coaster Rider
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Posted - 02/18/2010 : 10:20:43 AM
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quote:
Originally posted by Tetsu
Its not a merger, its a buyout. A failed buyout at that.
Why is it a failed buyout? |
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kooliokid
Kiddie Coaster Rider
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Posted - 02/18/2010 : 11:51:02 AM
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| ^a buyout that failed |
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Dirk_Ermen
Negative G Addict
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Posted - 02/18/2010 : 11:55:13 AM
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quote:
Originally posted by kooliokid
^a buyout that failed
He asked WHY not WHAT...  |
Get your Coastercrazy Keyrings while you still can! Click here to view all possibilities!
ITG Addicted Coaster Freak
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Tetsu
Coaster Crazy Radio Host
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Posted - 02/18/2010 : 12:44:57 PM
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quote:
Originally posted by alias1236
quote:
Originally posted by Tetsu
Its not a merger, its a buyout. A failed buyout at that.
Why is it a failed buyout?
Well, first of all they need 2/3 to pass the buyout. Already the top three investors, one of which owns about 1/3, already have publicly said they will vote no. Thats why its a failed buyout. |
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alias1236
Kiddie Coaster Rider
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Posted - 02/18/2010 : 1:57:36 PM
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quote:
Originally posted by Tetsu
quote:
Originally posted by alias1236
quote:
Originally posted by Tetsu
Its not a merger, its a buyout. A failed buyout at that.
Why is it a failed buyout?
Well, first of all they need 2/3 to pass the buyout. Already the top three investors, one of which owns about 1/3, already have publicly said they will vote no. Thats why its a failed buyout.
What do you think will happen if it falls through? |
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Tetsu
Coaster Crazy Radio Host
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Posted - 02/18/2010 : 2:34:51 PM
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| They will do what they always do. Split the company up and sell parts of it and keep a small part for themselves. |
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Cedar Fair sale
