Search
 

KSL Offers Higher Bid for Great Wolf

MADISON, WI-Apollo extended its $5 per share bid, but the Denver-based resort company has said it will pay $6.25 per share, though the original deal has a poison pill in place.

By Robert Carr | Updated on April 05, 2012

MADISON, WI-KSL Capital Partners has offered a bid to takeover locally based Great Wolf Resorts for $6.25 per share, which is higher than the current price offered by New York City-based Apollo Global Management LLC. KSL is a Denver-based private equity firm that owns resorts and cruise companies throughout the world.

Apollo and Great Wolf announced an agreement in March to allow Apollo to buy Great Wolf for $5 per share. The local firm, which opened its first indoor water park in 1997, at one time traded for more than $20 per share, but the economic downturn forced the stock down. Today, Great Wolf’s stock hit a four-year high of $6.89 per share, attributed to the KSL offer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.