Cedar Fair buys Calif. park

SANDUSKY, Ohio -- Cedar Fair, a publicly traded partnership that owns and operates five amusement parks and four water parks throughout the U.S., signed an agreement for the acquisition of Oasis Water Park, located in Palm Springs, Calif.

Oasis Water Park is a 16-acre water park that offers more than 20 water rides and attractions, a children's activity area and food and merchandise shops.

The acquisition also includes approximately 5 acres of adjacent land, which is undeveloped and available for further expansion.

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