MADISON, Wis. — Apollo Global Management has won the bidding war with KSL Capital Partners over Great Wolf Resorts, according to numerous reports.
Following a tight bidding war, Apollo raised its Great Wolf bid to $7.85 a share from its prior offer of $7 a share on Friday, the day after KSL Capital Partners offered $7.25 a share.
According to Great Wolf, KSL declined to make another offer.
Apollo first bid on Great Wolf with an offer of $5 a share last month, while KSL started the bidding war with an offer of $6.25 a share.
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