Apollo agrees to acquire Great Wolf Lodge

Posted Tuesday, March 13, 2012 4:31 PM | Contributed by Drew2876

Investment manager Apollo Global Management said Tuesday that it agreed to acquire indoor water park operator Great Wolf Resorts for about $167.1 million. New York-based Apollo Global Management LLC will buy Great Wolf Resorts Inc. for $5 per share, which represents a 19 percent premium over the Madison, Wis.-based company's closing stock price on Monday.

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