Consumer Discretionary Company Cedar Fair Announces Merger With Six Flags Entertainment
Portfolio Pulse from Benzinga Insights
Cedar Fair (NYSE:FUN) has announced a merger with Six Flags Entertainment (NYSE:SIX) expected to be completed by the first half of 2024. The terms of the agreement involve Cedar Fair giving Six Flags Entertainment $8.00 billion in exchange for SIX stock. The form of payment has not been disclosed yet.
November 02, 2023 | 3:10 pm
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NEUTRAL IMPACT
Cedar Fair is merging with Six Flags Entertainment, with the payment terms involving $8 billion for SIX stock. The merger is expected to be completed by H1 2024.
The merger announcement is directly related to Cedar Fair. The impact on the stock price will depend on the market's perception of the deal, which is currently unknown. Hence, the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Six Flags Entertainment is merging with Cedar Fair, with Cedar Fair giving $8 billion in exchange for SIX stock. The merger is expected to be completed by H1 2024.
The merger announcement is directly related to Six Flags Entertainment. The impact on the stock price will depend on the market's perception of the deal, which is currently unknown. Hence, the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100