Private-equity firm Apollo Management agrees to acquire theme-park operator Cedar Fair (FUN) for...

|About: Cedar Fair, L.P. (FUN)|By:, SA News Editor

Private-equity firm Apollo Management agrees to acquire theme-park operator Cedar Fair (FUN) for $635M, in a deal worth $2.4B including the refinancing of outstanding debt. Shareholders will receive $11.50/share in cash, a 27% premium to Wednesday's close. FUN +23% premarket.