KSL Again Raises Offer In Great Wolf Bidding War

Law360, New York (April 19, 2012, 5:44 PM EDT) -- Stakes were raised in the bidding war between two private equity giants over Wisconsin-based water park operator Great Wolf Resorts Inc. when one of the firms, KSL Capital Partners LLC, upped its acquisition offer to $7.25 per share in cash, Great Wolf said Thursday.

The offer by KSL Capital values the company at about $242.4 million and comes after Apollo Global Management LLC said Wednesday that it matched an earlier KSL Capital offer of $7 per share.

Great Wolf's board of directors said Thursday that KSL...
To view the full article, register now.