Posted Thursday, January 21, 2010 4:32 PM | Contributed by Jeff
As lawsuits to stop the sale of Cedar Fair to Apollo Global Management go before the court today, the companies filed requests late Tuesday and Wednesday asking the court to halt motions to uncover information. Dennis Murray Sr., representing Cedar Fair, said the complaints are premature, and he's requesting they be thrown out.
Read more from The Sandusky Register.
Trying to block the sale is certainly premature, but asking for information disclosure most certainly is not.
I didn't see what FUN closed at today but trading at lease $.75 cents higher than the offer at lease part of the day today might lend credence to the plantiff's claiming the deal is undervalued.
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