Posted Wednesday, April 18, 2012 11:47 AM | Contributed by Jeff
Great Wolf Resorts said late on Sunday that it had received an official and fully financed bid by KSL Capital Partners valued at $234 million, or $7 a share. That backs up a preliminary offer that KSL, a private equity firm, made last week. Great Wolf formally declared that the committed bid is a “superior proposal” to an earlier $6.75-a-share bid from Apollo Global Management.
Read more from The New York Times.
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