Major Cedar Fair unit holder will vote no on Apollo sale

Posted | Contributed by Jeff

The $11.50-a-share offer made in December is not indicative of the true value of the company, said shareholder Q Funding III, L.P, which owns 9.8 percent of the outstanding units of Cedar Fair, and will therefore vote against the sale. Two-thirds of unitholders have to vote in favor of the deal for it to pass.