Great Wolf trading higher than Apollo's $5 per share offer

Posted | Contributed by Jeff

Great Wolf Resorts Inc. (WOLF), which runs 11 resorts that feature water slides and pools, has traded above a $5-a-share offer from Black’s Apollo Global Management LLC (APO) each day since it agreed to sell itself to the buyout firm. The stock is now 10 percent higher than the offer, more than any agreed-upon deal in the U.S., according to data compiled by Bloomberg.