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Kings Island and Planet Snoopy are now open for the season!
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Snoopy's Starlight Spectacular opens May 29
KINGS ISLAND, Ohio – After spending the day enjoying world-class thrills, fun and family entertainment at Kings Island, something that will certainly cap off a memorable day at the park for guests this year is an all-new light show, Snoopy’s Spectacular.
Custom designed for Kings Island by EMMY award-winning RWS and Associates in New York, Snoopy’s Starlight Spectacular is a million dollar investment. The show is designed using a diverse mixture of low energy and high efficiency LED lighting. The more than two million LED lights are supplemented by a variety of professional lighting designs and audio soundtracks throughout the attraction.
Starring everyone’s favorite PEANUTS characters and their summertime adventures, this colorful pageant of lights invites guests to explore a breathtaking display the entire family will enjoy.
In addition to the shimmering midways and larger than life replicas of Snoopy and the gang, the park’s signature Eiffel Tower will sparkle from top to bottom making the show a truly unique and must-see experience.
Snoopy’s Starlight Spectacular will debut Saturday, May 29 and run daily through Labor Day. The display will begin at sunset and remain open until park closing time.
Kings Island is now open every Friday, Saturday and Sunday through May 16. Daily operation begins May 21.
Buy your Kings Island tickets online at [url="http://www.visitkingsisalnd.com/"]www.visitkingsisalnd.com[/url] and save $15 off the regular front gate admission price.
Kings Island is owned and operated by Cedar Fair Entertainment Company, a publicly traded partnership that is listed for trading on The New York Stock Exchange under the symbol “FUN.” In addition to Kings Island, Cedar Fair owns and operates ten other amusement parks, six water parks, one indoor water park resort and five hotels. Cedar Fair also operates the Gilroy Gardens Family Theme Park in Gilroy, Calif. under a management contract.
Posted on May 4th, 2010 by PKIDelirium - Comments
Cedar Fair and Affiliates of Apollo Global Management Mutually Terminate Merger Agreement
SANDUSKY, Ohio, April 6, 2010 – Cedar Fair Entertainment Company (the “Company”) (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, today announced that it and affiliates of Apollo Global Management, a leading global alternative asset manager, have mutually agreed to terminate the previously announced definitive merger agreement.
Consistent with the terms of the agreement, Cedar Fair will pay Apollo $6.5 million to reimburse Apollo for certain expenses incurred in connection with the transaction. In addition, both parties will release each other from all obligations with respect to the proposed merger transaction as well as from any claims arising out of or relating to the merger agreement.
As a result of the termination of the merger agreement, the Special Meeting of Unitholders to be held on April 8, 2010 has been cancelled. The Company will hold its 2010 Annual Meeting of Unitholders on Monday, June 7, 2010, for unitholders of record as of April 23, 2010.
Dick Kinzel, chairman, president and chief executive officer of the Company, said, “The Board has heard from Cedar Fair unitholders and it is apparent that the merger transaction does not have the required level of investor support. We are honored and excited by the opportunity to continue to manage and operate Cedar Fair as a public company and to provide our guests with an outstanding experience.
“Our 2010 operating season is upon us, and we have already introduced major new attractions at two of our parks. Intimidator305, a 305-foot-tall roller coaster at Kings Dominion, and Intimidator, a 232-foot-tall roller coaster at Carowinds, both had very successful opening days. We hope to continue this momentum across the rest of our properties and throughout the operating season. As we execute on our business objectives, we will also be evaluating next steps to address our capital structure. The Board and management team remain committed to acting in the best interests of all Cedar Fair unitholders. We appreciate the feedback that we have received from unitholders as well as Apollo’s interest in Cedar Fair and their cooperation and professionalism throughout the process.”
In order to allow adequate time to evaluate all options, a unitholder rights plan (the “Rights Plan”) has been adopted. The Rights Plan is designed to enable all unitholders to realize the long-term value of their investment in the Company and to ensure that all unitholders receive fair and equal treatment in the event of any hostile attempt to gain control of the Company. The Rights Plan is not designed to prevent transactions that treat all Cedar Fair unitholders fairly.
Under the plan, the rights will initially trade together with the Company’s units and will not be exercisable. The rights will generally become exercisable after a person or group becomes a beneficial owner of 20% or more of the Company’s units. The rights will expire on April 5, 2013, unless earlier redeemed, exchanged, or amended.
The Rights Plan was not adopted in response to any specific effort to acquire control of the Company, but as an appropriate preventative measure to ensure all unitholders are protected while the board of directors considers next steps. A copy of the merger termination agreement and the Rights Plan have been filed with the Securities and Exchange Commission and can also be found on the Company’s website at www.cedarfair.com/ir/financial/sec.
For the complete press release from Cedar Fair and to discuss this developing story, please see the [url="http://www.kiextreme.com/forums/index.php?showtopic=5071&view=findpost&p=65211"]discussion topic[/url] in the forums.
Posted on April 6th, 2010 by PKIDelirium - Comments
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