Cedar Fair seeking buyers

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DantheMan
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Cedar Fair seeking buyers

Postby DantheMan » 24 Jul 2007, 16:08

By JANET NGUYEN | Monday July 09 2007, 2:59pm Sandusky Register

Cedar Fair Entertainment Co. is reaching out to private equity firms that may be interested in a buyout, according to a report by The New York Post Monday.

Citing two unidentified sources, The Post reported that Cedar Fair has hired New York-based Bear Sterns Co. Inc. to conduct a "small, highly targeted auction" for the company. A handful of potential buyers have been contacted, but interest among the buyer pool has been tepid.

"We have a policy not to comment on rumors or speculation," said Stacy Frole, director of investor relations for Cedar Fair.

phunky

Postby phunky » 31 Jul 2007, 01:44

Shouldnt' this topic be removed, since it's not true?

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darque
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Postby darque » 31 Jul 2007, 02:30

Actually...this bit may have something to it.

I believe (off the top of my head), Cedar Fair is looking for a partner as they may have bitten off more then they can chew with the Paramount Parks..

Who knows. This "rumor" is not to be confused with Wonderland buying property.
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