Deals
Cedar Fair Ends Sale to Apollo as Investors Resist
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Cedar Fair Entertainment Co., the operator of Kings Island and Knott’s Berry Farm amusement parks, and Apollo Global Management called off a $2.4 billion takeover after shareholders resisted the offer.
The Sandusky, Ohio-based company will pay Apollo a fee of $6.5 million, according to a statement today. An April 8 meeting to vote on the takeover was canceled.