Another bidder makes better offer for Great Wolf Resorts

Someone else wants to buy the struggling resort:

KSL Capital Partners, a private equity firm in Denver and New York, is proposing to buy the Madison indoor waterpark company for $6.25 a share in cash. Great Wolf announced the “unsolicited” bid in a news release late Wednesday.

Great Wolf’s board of directors, “in consultation with its independent financial and legal advisors, will consider and evaluate the proposal and will pursue the course of action that is in the best interests of Great Wolf and its stockholders,” the statement said.

Via Wisconsin State Journal.