Upon completion of the merger, Cedar Fair will become a private company.
Information collected by Blooloop News Editor Tracy Kahaner of Kahaner Research
Acquisition by Apollo
On December 16, 2009, Cedar Fair agreed to be acquired by an affiliate of Apollo Global Management.
… Upon completion of the merger, Cedar Fair will become a private company, wholly owned by an affiliate of Apollo Global Management.
… the Merger Agreement contains a provision to the effect that the Company may solicit alternative acquisition proposals until January 25, 2010.
Attendance ups and downs
For the FY ending December 31, 2008, attendance for all Cedar fair parks was 22.72 million and per capita spending was $40.13.
… attendance increased from 22.11 million in 2007 to 22.72 million in 2008.
… but for the first 10 months of 2009, despite an additional 25 operating days during the first nine months of 2009, attendance for the Cedar Park properties fell 6 % when compared with the same period a year ago.
Net revenues were derived as follows: 56.9 % from admissions; 35.7 % from food, merchandise and games; 7.4 % from hotel rooms, food and other attractions outside the park.
… per capita spending decreased from $40.60 in 2007 to $40.13 in 2008.
Source: Cedar Fair, L.P.
Note: Based on FY ending December 31st, 2009, more data should be available very soon. Watch this space for updates.
Tracy’s Vital Statistics: Facts and numbers concerning the attractions industry
collected by Tracy Kahaner, Kahaner Research. This data appears Fridays on Blooloop.com.