Darkbeer
11-11-2006, 09:27 AM
http://www.latimes.com/business/la-fi-sixflags11nov11,1,5859222.story?coll=la-headlines-business
QuikQuote: Buyout firm MidOcean Partners, theme park operator Herschend Family Entertainment Corp. and CNL Financial Group were among the bidders for all or some of the six parks put up for sale, Bloomberg News reported Friday, citing people who had been briefed on the bidding.
Of the three bidders, CNL was the only one to offer more than $650 million for the parks, the sources said.
The company needs to net more than $800 million from the sale to make its debt load manageable, according to industry analysts.
QuikQuote: Buyout firm MidOcean Partners, theme park operator Herschend Family Entertainment Corp. and CNL Financial Group were among the bidders for all or some of the six parks put up for sale, Bloomberg News reported Friday, citing people who had been briefed on the bidding.
Of the three bidders, CNL was the only one to offer more than $650 million for the parks, the sources said.
The company needs to net more than $800 million from the sale to make its debt load manageable, according to industry analysts.