Significant Six Flags Shareholder Land & Buildings Issues Statement On The Company's Proposed Merger With Cedar Fair; Intends To Vote Against The Merger And Explore All Options To Realize Full Value For Shareholders
Portfolio Pulse from Benzinga Newsdesk
Land & Buildings, a significant shareholder of Six Flags Entertainment Corporation (SIX), has expressed its intention to vote against the proposed merger between Six Flags and Cedar Fair (FUN). The shareholder believes that the merger does not maximize value for all shareholders and suggests that monetizing Six Flags' real estate, which is likely worth nearly $30 per share, represents a superior pathway.
November 02, 2023 | 6:28 pm
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NEGATIVE IMPACT
The proposed merger between Cedar Fair and Six Flags is facing opposition from a significant shareholder of Six Flags, which could potentially impact the merger process and the stock price of Cedar Fair.
The opposition from a significant shareholder of Six Flags could potentially disrupt the merger process, leading to uncertainty and potential negative impact on Cedar Fair's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The proposed merger between Six Flags and Cedar Fair is facing opposition from a significant shareholder, Land & Buildings, which could potentially impact the merger process and the stock price of Six Flags.
The opposition from a significant shareholder like Land & Buildings could potentially disrupt the merger process, leading to uncertainty and potential negative impact on Six Flags' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100