SeaWorld Entertainment has made an unsolicited offer to purchase longtime theme park company Cedar Fair, which owns a dozen amusement parks, including Knott's Berry Farm in Orange County.
Cedar Fair, in a statement released Tuesday, confirmed that it had received what it described as a non-binding proposal from SeaWorld, which owns 12 parks, including the San Diego marine park.
"Consistent with its fiduciary duties, and in consultation with its independent legal and financial advisors, the Cedar Fair Board of Directors will carefully review and consider the proposal to determine the course of action that it believes is in the best interest of the Company and its unitholders," the company said.
