Great Wolf Buyout Game Needs High Roller All-In Bet  Tickers in
this article: WOLF FUN APO  NEW YORK ( TheStreet) - The bidding
war between private equity firms KSL Capital Partners and Apollo
Global Management (APO) for theme park and hotels operator Great
Wolf Resorts (WOLF) has been a typical drama about how buyout
firms take public companies private. It's also amounted to a
terrible poker game.  Great Wolf Resorts shareholders are less
focused on a sale process that may be a case study in the
conflicts that arise in corporate buyouts, than they are on the
lack of high-roller stakes at the bidding table.  Late on
Wednesday, Great Wolf Resorts accepted a $7 per share bid by
Apollo that matched a previous bid by KSL announced earlier in
April. A Thursday morning $7.25 per share bid rebuttal by KSL, a
quarter raise in poker parlance, continued a slow rise in Great
Wolf's takeover price, fueling shareholder objections in what
has been described as a challenged private equity sale process.
Shareholders want Ap