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Published: Friday, 3/26/2010

Cedar Fair shareholders vote set for April 8

SANDUSKY — Cedar Fair LP said yesterday that a special meeting of shareholders rescheduled for April 8 will be held at 9 a.m. in the Sandusky State Theater.

At the meeting, shareholders will vote on a proposed $2.4 billion acquisition of Cedar Fair by private equity firm Apollo Global Management. Two-thirds of the amusement park chain's 55.2 million shares must be cast as “yes” votes for the deal to pass.

Apollo has offered to acquire Cedar Fair in exchange for assuming its $1.7 billion in debt and paying shareholders $11.50 a share.

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