Printer Friendly

CEDAR FAIR, L.P. TERMINATES EFFORTS TO ACQUIRE PENNSYLVANIA AMUSEMENT PARK

 CEDAR FAIR, L.P. TERMINATES EFFORTS TO ACQUIRE
 PENNSYLVANIA AMUSEMENT PARK
 SANDUSKY, Ohio, April 16 /PRNewswire/ -- Cedar Fair, L.P. (NYSE: FUN) announced today that it has terminated discussions regarding the acquisition of Dorney Park and Wildwater Kingdom near Allentown, Pa. According to Richard L. Kinzel, Cedar Fair's president and CEO, agreement could not be reached on terms for the acquisition of 46 acres of county land adjacent to the park which are needed for its expansion. "Dorney park and Wildwater Kingdom were attractive to us for their long-term growth potential," said Kinzel, "but the acquisition of the county-owned land was absolutely necessary before we could justify the investment in new rides and attractions to grow Dorney to its full potential."
 Cedar Fair, L.P. is a publicly traded limited partnership which owns and operates two midwestern amusement/theme parks: Cedar Point, located on Lake Erie between Cleveland and Toledo, and Valleyfair near Minneapolis-St. Paul.
 -0- 4/16/92
 /CONTACT: Juris Pagrabs of Cedar Fair, L.P., 419-627-2293/ CO: Cedar Fair, L.P. ST: Ohio IN: LEI SU:


** -- CL023 -- 9527 04/16/92 17:08 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 16, 1992
Words:186
Previous Article:SHOPKO STORES DECLARES QUARTERLY DIVIDEND
Next Article:1992 FIRST QUARTER EARNINGS REPORTED BY MINNESOTA POWER


Related Articles
CEDAR FAIR, L.P. TO ACQUIRE PENNSYLVANIA AMUSEMENT PARK
CEDAR FAIR, L.P. RESUMES EFFORTS TO ACQUIRE PENNSYLVANIA AMUSEMENT PARK
CEDAR FAIR, L.P. COMPLETES ACQUISITION OF DORNEY PARK AND WILDWATER KINGDOM
CEDAR FAIR, L.P. COMPLETES ACQUISITION OF DORNEY PARK AND WILDWATER KINGDOM
CEDAR FAIR, L.P. ANNOUNCES FIRST QUARTER RESULTS
CEDAR FAIR, L.P. DECLARES SECOND QUARTER CASH DISTRIBUTION
CEDAR FAIR, L.P. ANNOUNCES FIRST QUARTER RESULTS
CEDAR FAIR, L.P. DECLARES SECOND QUARTER CASH DISTRIBUTION
Cedar Fair, L.P. Declares Fourth Quarter Cash Distribution
Cedar Fair, L.P. Declares Second Quarter Cash Distribution

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters