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There are now a total of seven lawsuits challenging the purchase deal Cedar Fair struck with Apollo Global Management. Each lawsuit claims the offer price of $11.50 per limited partnership unit unfairly minimizes the value and profits the unitholders are looking for. One lawsuit claims Cedar Fair Chairman Richard Kinzel would profit handsomely from the deal, gaining $987,976 from the sale of "phantom" units.
Read more from The Sandusky Register and UPI.