Great Wolf gets a better buy-out deal

Posted | 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.