NY Post says Cedar Fair in talks with Destiny Capital for $4.1 billion sale

Posted July 30, 2007, 9:56A | Contributed by Jeff

Cedar Fair Entertainment Co., the nation's third-largest theme-park operator, has entered into quick-moving talks with investment firm Destiny Capital Solutions about a $4.1 billion takeover, The Post has learned. The deal Destiny Capital proposed calls for paying $4.1 billion, or a 20 percent premium over Cedar Fair's current market value, to acquire all of the theme-park operator's shares. The firm also said it plans to commit at least $500 million, and as much as $800 million, to upgrade Cedar Fair's 12 amusement parks, six water parks and six hotels.