Cedar Fair seeking buyers

SANDUSKY Cedar Fair Entertainment Co. is reaching out to private equity firms that may be interested
Janet
May 24, 2010

 

SANDUSKY

Cedar Fair Entertainment Co. is reaching out to private equity firms that may be interested in a buyout, according to a report by The New York Post Monday.

Citing two unidentified sources, The Post reported that Cedar Fair has hired New York-based Bear Sterns Co. Inc. to conduct a "small, highly targeted auction" for the company. A handful of potential buyers have been contacted, but interest among the buyer pool has been tepid.

"We have a policy not to comment on rumors or speculation," said Stacy Frole, director of investor relations for Cedar Fair.

More to come in Wedenesday's Register.