The Wall Street Journal is reporting that Apollo Management LP is expected to acquire Cedar Fair for about $700 million. The deal would also include the assumption of $1.6 billion of debt, said people familiar with the matter.
Based in Sandusky, Cedar Fair owns 11 theme parks in the United States and Canada, including Cedar Point and Kings Island.
Barring last-minute snags, the deal by the buyout firm is likely to be announced in the coming days, these people said.
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