Cedar Fair And Six Flags Combined Company To Operate Under The Name Six Flags And Trade Under Ticker Symbol 'FUN' On NYSE
Portfolio Pulse from Benzinga Newsdesk
Cedar Fair and Six Flags have announced a merger, with the combined company to operate under the name Six Flags and trade under the ticker symbol 'FUN' on the NYSE.
November 02, 2023 | 10:19 am
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POSITIVE IMPACT
Cedar Fair's ticker symbol 'FUN' will be used for the combined company post-merger. This could lead to increased visibility and potentially positive impact on the stock.
The merger of Cedar Fair and Six Flags under the ticker 'FUN' could lead to increased visibility for the stock. This, combined with the potential synergies from the merger, could have a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Six Flags' ticker symbol 'SIX' will be discontinued as the combined company will trade under 'FUN'. This could lead to short-term volatility as investors adjust.
The discontinuation of the 'SIX' ticker symbol could lead to short-term volatility as investors adjust to the new ticker. However, the long-term impact will depend on the success of the merger and the performance of the combined company.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100