Acquisition of Great Wolf Resorts Not Yet Finished

As we reported on 16 April 2012, an affiliate of Apollo Global Management (Apollo) and Great Wolf Resorts (Great Wolf) entered into a merger agreement in March. Apollo initially offered to acquire Great Wolf for 5 US dollars per share (Great Wolf business valued at 703 million US dollars), but increased its offer last week accordingly to 7 US dollars per share. Meanwhile Great Wolf confirmed to have received a committed offer from KSL Capital Partners to acquire the resort company for 7.25 US dollars per share. We will continue to observe the acquisition process during the coming weeks … (eap)