Q Investments reaches 12% ownership of Cedar Fair

Posted January 25, 2010, 11:46A | Contributed by Jeff

After speaking out against Cedar Fair Entertainment Co.'s proposed buyout on Friday, Cedar Fair's largest shareholder disclosed Monday that it has increased its stake in the amusement company to 12 percent. Q Investments, a Fort Worth, Texas-based firm, said it bought an additional 819,000 shares on Friday for $12.79 per limted partner unit. It now owns a total of 6.6 million shares, worth about $83 million.