Untitled Document
20 Jun 2013 World leisure: news, training & property
 
 
HOME
JOBS
NEWS
MAGAZINE
BLOG
PRODUCTS
LEISURE-KIT.NET
SUBMIT NEWS
ADVERTISE
SUBSCRIBE
CONTACT US
Sign up for FREE ezine
Latest news

27 Apr 2012

KSL withdraws Great Wolf takeover interest
BY Pete Hayman

KSL withdraws Great Wolf takeover interest

Apollo Global Management appears to have won the race to purchase US-based waterpark group Great Wolf Resorts after increasing its bid to US$7.85 (£4.80, EUR5.92) per share.

The improved price agreed by Apollo represents a 171 per cent premium on the six-month average share price of Great Wolf Resorts prior to its original bid made earlier this year.

KSL Capital Partners had entered the race to acquire the business, which operates a total of 11 waterparks across the US and Canada, with what had been called a "superior" offer.

However, Great Wolf Resorts said at the time that Apollo had been given an opportunity to submit a new bid in light of KSL's US$7 (£4.31, EUR5.28) a share proposal.

Great Wolf Resorts has now revealed that KSL does not intend to submit any further bids for the company, which leaves the path clear for Apollo to complete the purchase.

A Great Wolf Resorts spokesperson said: "The Apollo offer was unanimously approved by the Great Wolf board of directors.

"The board recommends that Great Wolf shareholders tender their shares into Apollo's revised tender offer which is scheduled to expire at 9am, New York City time on 4 May."

Details: www.greatwolfresorts.com


back

Share this story
Connect with World Leisure
Follow us:
Magazine:
Download PDF
View Turning Pages
 
Sign up:
Instant Alerts
Ezine
Print edition

News headlines
Banyan Tree Spa opens its first spa in northern China   19 Jun 2013

Banyan Tree Spa opens its first spa in northern China

Asian-based spa operator Banyan Tree Spa has debuted in Northern China with the launch of the Spa at Banyan Tree Tianjin Riverside.

Qatar keen on floating hotels for 2022 FIFA World Cup   19 Jun 2013

Qatar keen on floating hotels for 2022 FIFA World Cup

Qatar, which will be hosting the FIFA 2022 Football World Cup, has expressed its interest in developing floating hotels as part of its accommodation solutions for the tournament.

Large indoor ski project planned for Denmark   19 Jun 2013

Large indoor ski project planned for Denmark

Denmark is the latest Scandinavian country to propose an indoor ski resort.

 Crown Resort and Casino Sydney selects architect   19 Jun 2013

Crown Resort and Casino Sydney selects architect

Crown Limited - an Australian entertainment company with hotels and casinos in Melbourne, Perth and Macau - has chosen Wilkinson Eyre Architects (WEA) to design its proposed Crown Sydney Hotel Resort.

Company profile


NUSSLI Group

Whether temporary, modular or permanent structures - with the realisation of complex projects over the past decades, NUSSLI has seen to it that events, trade fairs and exhibitions have all left a memorable impression.
View full profile>>

Catalogue gallery


Featured Supplier

ESPA's award-winning spa consultancy

ESPA's award-winning spa consultancy

ESPA's award-winning business incorporates the true meaning of the 'complete package' for spa professionals. More>>




in this issue

• £35m Mary Rose opens to public
• £9m Leisure Centre for Workington
• Brighton's iconic hotel opens spa



World Leisure jobs




Personal Trainer
Location: Kilburn, United Kingdom
Company: énergie group
Centre Manager
Salary: Competitive
Location: New south Wales, Australia
Company: YMCA New south Wales
Masters Programmes in Sports Therapy
Location: Nationwide / International
Company: University of Central Lancashire
Masters Programmes in Sports Science
Location: Nationwide / International
Company: University of Central Lancashire
Diary dates
Powered by leisurediary.com




20 Jun 2013

Forum HOTel and Spa

Four Seasons Hotel George V, Paris, France


20 Jun 2013

Sports and Leisure Facilities Forum

Royal Berkshire Conference Centre, Reading, United Kingdom



Leisure Management magazine 2013 issue 2
Leisure Management
2013 issue 2

View issue contents
View on turning pages
Download PDF
  Interview: David Bradley
Since joining Longleat Safari & Adventure Park as CEO, David Bradley has spent millions revolutionising the attraction. He tells Magali Robathan why this is just the start of his plans More>>
  Architect Focus: Carolyn Merrifield
Holder Mathias partner Carolyn Merrifield tells us about rebuilding Welsh arts centre Gwyn Hall after a fire, and working for Center Parcs More>>


Leisure Management magazine 2013 issue 1

Leisure Management
2013 issue 1

View issue contents
View turning pages
Download PDF
  Tourism: Driving new custom
Traditionally known for golf, the Quinta do Lago resort on the Portuguese Algarve has diversified its offering and worked to attract new investment to weather the recession. Kath Hudson finds out how it's widening its appeal More>>
  Interview: Simon Morton
As UK Sport launches a campaign to attract more than 70 major sporting events to the UK by 2018, its director of Major Events and International Relations explains the plans More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd