Cedar Point Owner Denies It's Talking Sale - Cleveland 19 News Cleveland, OH

Cedar Point Owner Denies It's Talking Sale

SANDUSKY, Ohio (AP) - The owner of the Cedar Point and Kings Island amusement parks is denying a report that the company is in talks toward a possible sale.

On its Web site, the New York Post today is reporting that Sandusky-based Cedar Fair is negotiating with investment firm Destiny Capital Solutions about a proposed $4.1 billion buyout.

In a statement, Cedar Fair C-E-O Dick Kinzel says his company is not currently discussing a sale with Destiny or any other party. But he acknowledges that Cedar Fair's board has instructed management to look for ways to boost value to shareholders.

Cedar Fair's Ohio properties also include Geauga Lake and Wildwater Kingdom.

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