| 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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