Great Wolf Investors To Settle Suit Over Apollo Buyout

Law360, Wilmington (April 26, 2012, 7:43 PM EDT) -- In the wake of a bidding war that drove up Apollo Global Management LP's offer for the water park operator to $262 million, Great Wolf Resorts Inc. reached a preliminary settlement on Wednesday with shareholders that had challenged the deal in a class action.

The shareholders — who balked at the private equity firm's original $165 million bid and sued to block it — have agreed to drop the lawsuit in return for additional disclosures on the deal, according to documents filed in Delaware Chancery Court....
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