Cedar Fair Schedules Special Meeting of Unitholders to Vote on Proposed Merger with Affiliates of Apollo Global Management
11 February 2010 - 8:54AM
PR Newswire (US)
DEFINITIVE PROXY STATEMENT FILED SANDUSKY, Ohio, Feb. 10
/PRNewswire-FirstCall/ -- Cedar Fair, L.P. (NYSE: FUN), a leader in
regional amusement parks, water parks and active entertainment,
today announced that a Special Meeting of Unitholders will be held
on March 16, 2010 at 9:00 a.m. local time. At the Special Meeting,
unitholders will have the opportunity to consider and approve a
proposal concerning the previously announced acquisition by
affiliates of Apollo Global Management, pursuant to which Cedar
Fair unitholders will receive $11.50 in cash for each Cedar Fair
limited partnership unit that they hold. Cedar Fair unitholders of
record as of the close of business on February 12, 2010 will be
entitled to vote at the Special Meeting. The meeting will be held
at The Sandusky State Theater in Sandusky, Ohio. A definitive proxy
statement related to the merger was filed with the Securities and
Exchange Commission today and will be mailed to Cedar Fair
unitholders. It will also be available on the Company's website at
http://www.cedarfair.com/ir/proxy. The definitive proxy statement
contains important information about the terms of the merger, and
unitholders are urged to read it carefully. The Company noted that
it will release its fourth quarter 2009 and year-end results after
market closing on February 11, 2010. About Cedar Fair Cedar Fair is
a publicly traded partnership headquartered in Sandusky, Ohio, and
one of the largest regional amusement-resort operators in the
world. The Company owns and operates 11 amusement parks, six
outdoor water parks, one indoor water park and five hotels.
Amusement parks in the Company's northern region include two in
Ohio: Cedar Point, consistently voted "Best Amusement Park in the
World" in Amusement Today polls and Kings Island; as well as
Canada's Wonderland, near Toronto; Dorney Park, PA; Valleyfair, MN;
and Michigan's Adventure, MI. In the southern region are Kings
Dominion, VA; Carowinds, NC; and Worlds of Fun, MO. Western parks
in California include: Knott's Berry Farm; California's Great
America; and Gilroy Gardens, which is managed under contract.
Forward-Looking Statements Some of the statements contained in this
news release (including information included or incorporated by
reference herein) may constitute "forward-looking statements"
within the meaning of the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995, including
statements as to the Company's expectations, beliefs and strategies
regarding the future. These forward-looking statements may involve
risks and uncertainties that are difficult to predict, may be
beyond the Company's control and could cause actual results to
differ materially from those described in such statements. Although
the Company believes that the expectations reflected in such
forward-looking statements are reasonable, we can give no assurance
that such expectations will prove to be correct. Important factors
could adversely affect the Company's future financial performance
and cause actual results to differ materially from the Company's
expectations, including uncertainties associated with the proposed
sale of the Company to an affiliate of Apollo Global Management,
the anticipated timing of filings and approvals relating to the
transaction, the expected timing of completion of the transaction,
the ability of third parties to fulfill their obligations relating
to the proposed transaction, the ability of the parties to satisfy
the conditions to closing of the merger agreement to complete the
transaction and the risk factors discussed from time to time by the
Company in reports filed with the Securities and Exchange
Commission (the "SEC"). Additional information on risk factors that
may affect the business and financial results of the Company can be
found in the Company's Annual Report on Form 10-K and in the
filings of the Company made from time to time with the SEC. The
Company undertakes no obligation to correct or update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Additional Information About This
Transaction This news release may be deemed to be solicitation
material in respect of the proposed transaction. In connection with
the proposed transaction, on February 10, 2010 the Company filed a
definitive proxy statement and a form of proxy with the SEC and the
definitive proxy statement and a form of proxy are being mailed to
the Company's unitholders of record as of February 12, 2010. In
addition, the Company will file with, or furnish, to the SEC all
additional relevant materials. BEFORE MAKING ANY VOTING DECISION,
INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ ALL
RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING
THE COMPANY'S DEFINITIVE PROXY STATEMENT, BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and
security holders will be able to obtain a copy of the definitive
proxy statement and other documents filed by the Company free of
charge from the SEC's website, http://www.sec.gov/. The Company's
unitholders will also be able to obtain, without charge, a copy of
the definitive proxy statement and other relevant documents by
directing a request by mail or telephone to Investor Relations,
Cedar Fair, L.P., One Cedar Point Dr., Sandusky, OH 44870,
telephone: (419) 627-2233, or from the Company's website,
http://www.cedarfair.com/ or by contacting MacKenzie Partners,
Inc., by toll-free telephone at 800-322-2885 or by e-mail at . The
Company and its directors and executive officers and certain other
members of its management and employees may be deemed to
participate in the solicitation of proxies in respect of the
proposed transaction. Additional information regarding the
interests of such potential participants is included in the
definitive proxy statement. This news release and prior news
releases are available online at http://www.cedarfair.com/.
Contacts Stacy Frole Cedar Fair 419-627-2227 Dan Katcher / Jeremy
Jacobs Joele Frank, Wilkinson Brimmer Katcher 212-355-4449 Dan
Burch / Laurie Connell MacKenzie Partners 800-322-2885 DATASOURCE:
Cedar Fair Entertainment Company CONTACT: Stacy Frole of Cedar
Fair, +1-419-627-2227; Dan Katcher or Jeremy Jacobs of Joele Frank,
Wilkinson Brimmer Katcher, +1-212-355-4449; Dan Burch or Laurie
Connell of MacKenzie Partners, +1-800-322-2885 Web Site:
http://www.cedarfair.com/
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