Great Wolf Investor Howls Over $703M Apollo Buyout

Law360, New York (April 4, 2012, 1:58 PM EDT) -- Water park operator Great Wolf Resorts Inc. was pressured by another shareholder on Tuesday to step away from a $703 million buyout by private equity firm Apollo Global Management LLC — a proposed deal that prompted two shareholder suits in March.

Minority stakeholder PWK Partners Atlas Funds LLC, which owns about 4.2 percent of the company, issued an open letter to Madison, Wis.-based Great Wolf, saying that it believes the company's value is worth at least double the $5 per share offered by Apollo. Adding that...
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