CEDAR FAIR, L.P. TO ACQUIRE PENNSYLVANIA AMUSEMENT PARK
CEDAR FAIR, L.P. TO ACQUIRE PENNSYLVANIA AMUSEMENT PARK SANDUSKY, Ohio, Jan. 23 /PRNewswire/ -- Cedar Fair, L.P.
(NYSE: FUN), a Delaware limited partnership which operates two midwestern amusement/theme parks, announced today that it has reached agreement in principle for the acquisition of the assets of Dorney Park and Wildwater Kingdom near Allentown, Pa. The purchase will be made with a combination of cash, limited partnership units and assumption of liabilities. The transaction is subject to a number of conditions and conclusion of a definitive agreement. Further details were not disclosed.
Dorney Park is a traditional, family-oriented amusement park offering rides, live entertainment, arcades and a number of food and merchandise outlets. Wildwater Kingdom, which opened in 1985, is one of the world's largest water parks and features a wide variety of pools, slides, river raft rides and children's activities. Together, they serve more than 1 million guests per year, principally from the eastern Pennsylvania, New Jersey and New York markets. Cedar Fair, L.P. owns and operates Cedar Point, located on Lake Erie between Cleveland and Toledo, and Valleyfair near Minneapolis-St. Paul. Together, the two parks reported attendance of approximately 4.1 million for their 1991 operating seasons. -0- 1/23/92 /CONTACT: Juris Pagrabs of Cedar Fair L.P., 419-627-2293/ (FUN) CO: Cedar Fair L.P. ST: Ohio IN: ENT SU: TNM
KK -- CL002 -- 2596 01/23/92 07:52 EST
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|Date:||Jan 23, 1992|
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