Private-equity firm Apollo Global Management LLC has agreed to buy CEC Entertainment Inc., parent to the Chuck E. Cheese’s brand, in a deal worth about $1.3 billion, including debt assumption, the companies said Thursday. New York-based Apollo agreed to pay $54 per share for the Irving, Texas-based CEC — an 11.5-percent premium over Wednesday’s close of $48.43 per share and 24.6 percent over the $43.34 close Jan. 7, when Reuters first reported that CEC was seeking ...
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Contact: Desiree Torres Desiree.Torres@penton.com