The
third-largest U.S. theme park operator Cedar Fair Entertainment Co.
issued
a press release denying
a
New York Post report that the company is in talks with investment firm
Destiny Capital Solutions Inc. about a $4.1 billion takeover. The statement
denied that the company is even up for sale. Earlier in the month, the Post
reported that the company was quietly seeking a buyer. The Post article
prompted
a blogger following the amusement park industry to seek out more info
about the unknown buyer. It seems the firm was originally founded to acquire
and invest $200 million in a Northern California amusement park in Gilroy,
Calif., but has experienced local opposition,
according
to local newspaper The Gilroy Dispatch.
Last year, Cedar Fair doubled in size
after
buying Paramount Parks from CBS Corp. for $1.24 billion. —Matthew
Wurtzel
The
third-largest U.S. theme park operator Cedar Fair Entertainment Co.
