Posted
Cedar Fair, L.P. announced that it is mailing a letter to unitholders in connection with the previously announced acquisition by affiliates of Apollo Global Management, pursuant to which Cedar Fair unitholders will receive $11.50 in cash for each Cedar Fair limited partnership unit that they hold. The letter offers a number of bullet points explaining why they believe the deal is right, and also reminds unit holders that they need a 2/3 majority to pass the measure.
Read the entire letter from Cedar Fair.
Sounds like they're really desperate. I think this thing is gonna fail.
Jeff - Editor - CoasterBuzz.com - My Blog
I find it interesting that they made clear that 2/3 majority is what is needed....
It can be looked at two ways in my opinion. It could be seen as a "bullying" tactic, or an incentive to let people know that a lot of opposed votes are necessary. I still don't know why CF is playing games and keeping shareholders in the dark after all we should have known about this"memo" weeks ago before the slandering and structure started, like rpbobcat said. All of this together equals 1 thing......DK has had too many rides on the scrambler and the 30 min line so he can ride it by himself are just people there to watch him having fun!!
I agree with Jeff, this thing is going to fail. I mean bullet-ed bold points are you kidding me?
Was there anything said in the letter that wasn't also said in the proxy materials? And isn't the bolded text used to highlight certain things with a knowledge that folks tend to skim things if they read them at all?
Could the letter be in response to the statement by Q Funding late that week that it plans to buy more shares to increase its chances of blocking the sale? If Q Funding buys more units is that an act of desperation?
It may also be the case the CF intended to send this letter all along. Notices need to be given a certain number of days out. This may just have been a planned reminder for folks.
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