Analyzing the mechanics and implications of Cedar Fair's delay to vote

Posted | Contributed by Jeff

The amusement park operator Cedar Fair announced on Monday night that it had postponed Tuesday morning’s meeting for unit holders to vote on the company’s acquisition by Apollo Management, saying it wanted to provide more time to solicit votes and proxies. For those unit holders who have already made the trip up to Sandusky, Ohio, for the meeting, they will have a relatively long wait. The meeting is postponed to April 8. Perhaps Cedar Fair will placate these unit holders with some free amusement park tickets in the interim.

Read more from The New York Times blogger Steven M. Davidoff.

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