|By Don Walker, Milwaukee Journal
SentinelMcClatchy-Tribune Regional News
April 19, 2012--The bidding war is not over for Great Wolf Resorts Inc.
The company said Thursday it had received an offer from KSL Capital Partners to acquire Great Wolf for $7.25 a share in cash.
The new offer comes a day after K-9 Acquisition, an affiliate of Apollo Global Management LLC, raised its offer to $7 a share. K-9 had previously agreed to pay $6.75 a share for the Madison-based company, which operates 11 water park resorts in the United States and Canada, including one in Wisconsin Dells.
Apollo and KSL have each been submitting bids since Great Wolf went up for bid.
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