Cedar Fair Getting LBO? (FUN)

Posted in after-hours 
December 16th, 2009

Cedar Fair LP (NYSE: FUN) is surging in the after-hours session.  The WSJ reported originally that Cedar Fair may be acquired by Apollo Management in a leveraged buyout for about $700 million and with about $1.6 billion debt assumption in the coming days if there are no last minute issues.  Shares closed up 0.8% at $9.08 in regular trading and the after-hours session at 4:37 PM EST has shares up 27% on about 45,000 shares at $11.60.  The 52-week trading range is $5.75 to $14.10.

-JON OGG

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