Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks-sources
© Reuters. People ride a roller coaster at Six Flags Magic Mountain amusement park on the first day of opening, as the coronavirus disease continues, in Valencia, California, U.S., April 1, 2021. REUTERS/Lucy NicholsonA tie-up between the two companies would come as concerns about a U.S. economic slowdown and consumers curbing their discretionary spending have weighed on their stock performance. Merging would allow them to weather a slowdown from a stronger position.
If there is an agreement, it could come as early as Thursday, when Cedar Fair reports quarterly earnings. Cedar Fair shares and Six Flags rose more than 6% and 7% on the news, respectively, in afternoon trading in New York. They have both underperformed the Refinitiv United States Leisure & Recreation Price Return Index by more than 15% this year.
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Exclusive: US amusement park operators Cedar Fair, Six Flags in merger talks-sourcesU.S. amusement park operator Cedar Fair LP (FUN.N) is exploring a potential merger with peer Six Flags Entertainment Corp (SIX.N), people familiar with the matter said on Wednesday.
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Six Flags, Cedar Fair near merger: reportJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
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