Great Wolf Resorts ..a US Deal

Been reading snippets of this deal over the weekend. Seems like a takeover battle between KSL Capital Partners and Apollo  Global Managemnet. It is currently trading above the $7.00 offer. Last price was $7.43.

I am always cautious about entering a deal trading above its levels. Deutsche has the company target price at $7.98. If you look at it, will Apollo Global Management come in and pay the full price?

But at least you know the downside is $7.00 dollars. Roughly 6% upside and 6% downside.