Unsolicited bidder offers more for Wisconsin resort company

MADISON, Wis. — An unsolicited bidder had offered more to buy Great Wolf Resorts.

The private equity firm of KSL Capital Partners has offered $6.25 a share in cash for the Madison company. Great Wolf is dealing with shareholder lawsuits in Wisconsin and Delaware after it signed an agreement with Apollo Global Management to sell the company for $5 a share. The shareholders believe that offer undervalues the company.

The State Journal reports Great Wolf's board of directors will evaluate the latest offer.