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(NYSE: FUN), based in Sandusky, said in a statement that it’s too earlg to speculate on the timing or pricwe ofselling Valleyfair. The company also is exploring the sale of Worldw of Fun inKansas City, Mo., and is in talkss with the San Francisco 49ers to buy California’s Great America in Santa Clara. The Associated Press reports that the companyu took on substantial debt withits $1.2r4 billion acquisition of Paramount Parks Inc. in 2006. According to Cedar Fair’s year-end filing with the Securities andExchanges Commission, the company reported $1.7 billion in long-terj debt at the end of 2008 and $2.2 billion in totap assets. It reported net income for the yearof $5.
7 milliojn on revenue of $996 “In light of current economic and markert conditions, reducing our debt and strengthening our balance sheet must continues to be a priority,” said Dick Cedar Fair’s president and CEO. Cedar Fair owns and operates 11 amusemeng parks inNorth America. The company boughtf Valleyfairin 1978.
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