Apollo may struggle with acquisition of Great Wolf, as competing bids come in

Posted | Contributed by Jeff

Despite its best efforts, Apollo Global Management may find itself once again in a battle to acquire an amusement park company. On Wednesday, Great Wolf Resorts, the lodging and waterpark operator, announced that KSL Capital Partners had submitted a proposal to acquire Great Wolf for $6.25 a share in cash. Apollo reached an agreement on March 12 to acquire Great Wolf for $5 a share in cash in a deal valued at $703 million.