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Published: Thursday, 12/9/2010

Cedar Fair sued, then sets special shareholder meeting Jan. 11

First it was sued by its largest stockholder seeking to get a special shareholders meeting scheduled, then Cedar Fair LP Wednesday evening set the meeting for 9 a.m. Jan. 11 in Huron, Ohio.

The Sandusky owner of Cedar Point and other amusement and water parks nationwide was sued in Delaware by two Texas mutual funds earlier Wednesday because the meeting had not been scheduled. The two funds, known as Q Investments, hold more than 10 percent of Cedar Fair's shares.

Cedar Fair scheduled the meeting at the Cedar Point Center at the Bowling Green State University's Firelands College.

Q Investments wants to force the owner of Cedar Point and other amusement and water parks nationwide to separate the chief executive and chairman positions, now held by Richard Kinzel. The big shareholder also wants the firm to pay higher dividends.

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