Price for Great Wolf Continues to Rise

KSL has once again raised its offer for Great Wolf—this time to $7.25 per share. Great Wolf's Board of Directors has deemed the offer to be a "Superior Proposal" to its existing agreement with Apollo for a $7 per share buyout. The offer price for Great Wolf has climbed by $2.25 since Apollo first entered into a definitive agreement in mid-March to take the indoor waterpark resort operator private.