date:Jan 17, 2014
Chuck E. Cheese's has been fishing for potential buyers as it struggles with slumping sales. Today, Apollo Global Management bit, buying parent company CEC Entertainment for $1.3 billion, including the assumption of debt.
Apollo's offer of $54 per share represents a premium of 11.5 percent over Wednesday's closing price.
On Jan. 7, reports surfaced that Chuck E. Cheese's had been working with Goldman Sachs on potential sales options in the previous months here. Stocks skyrocketed, closing on J