Great Wolf Resorts (WOLF: Quote) announced Sunday that it received an unsolicited letter from KSL Capital Partners proposing to acquire Great Wolf for $7.00 per share in cash.
Great Wolf Resorts gapped open higher Monday and climbed during the first hour of trade. The stock was range-bound for the remainder of the session and finished up by 0.86 at $7.44 on above average volume. Great Wolf Resorts surged to its second consecutive new high for the year.
by RTT Staff Writer
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