Cedar Fair execs would get stake in acquired company

Posted Tuesday, January 12, 2010 11:31 AM | Contributed by Jeff

Unlike the average investor, executives will be required to buy back some of their stake in Cedar Fair if it goes private as part of a $2.4 billion acquisition deal by Apollo. According to the terms of the acquisition by the New York private equity firm, a 6 percent ownership stake in the company has been set aside for select employees, consultants and directors of Cedar Fair.

Read more from The Plain Dealer.

Also: Apollo says they will continue to support the company's direction. Read more from The Sandusky Register.

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