NASDAQ Stock Alert: Great Wolf Resorts (NASDAQ: WOLF) Soars on Acquisition News

Orlando, FL 3/14/12 (StreetBeat) -- www.InvestorIdeas.com, a global investor research portal for independent investors, reports on one of the top NASDAQ percentage gainers in yesterday’s trading session, Great Wolf Resorts, Inc. (NASDAQ: WOLF). The stock was trading up at $5.23, up 1.04(24.82%) 1:33PM EDT on over 8.6 Million shares. The stock soared on acquisition news and closed at $5.32.

An affiliate of Apollo Global Management, LLC (NYSE: APO) and Great Wolf Resorts, Inc. (NASDAQ: WOLF) announced that they have entered into a definitive merger agreement with Apollo will acquiring Great Wolf, North America’s largest family of indoor waterpark resorts, for approximately $703 million, including the assumption of the Company’s outstanding debt.

The news was followed by the usual flow of press releases by law firms questioning the deal.

Great Wolf Resorts, Inc. ® (NASDAQ: WOLF )is North America’s largest family of indoor waterpark resorts, and, through its subsidiaries and affiliates, owns and operates its family resorts under the Great Wolf Lodge® brand. Great Wolf Resorts is a fully integrated resort company with Great Wolf Lodge locations in: Wisconsin Dells, Wis.; Sandusky, Ohio; Traverse City, Mich.; Kansas City, Kan.; Williamsburg, Va.; the Pocono Mountains, Pa.; Niagara Falls, Ontario; Mason, Ohio; Grapevine, Texas; Grand Mound, Wash.; and Concord, N.C. Great Wolf’s consolidated subsidiary, Creative Kingdoms, LLC, is a developer and operator of technology-based, interactive quest adventure experiences such as MagiQuest®. http://www.greatwolf.com

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