FUN Stock Recent News

Although the revenue and EPS for Cedar Fair, L.P. (FUN) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Six Flags Entertainment (SIX) and Cedar Fair Entertainment (FUN) shares soared in pre-market trading after the companies announced an all-stock merger, creating one of the biggest theme park operators in the Americas.

Cedar Fair and Six Flags Entertainment on Thursday agreed to merge to spur a post-pandemic recovery that smaller US amusement park operators have been chasing as leisure spending remains low amid an uncertain economic outlook.

In what is described as a “merger of equals”, theme park operators Cedar Fair and Six Flags, are joining forces in an $8 billion deal, the companies announced Thursday.

Two of North America's premier amusement park chains, Six Flags Entertainment (NYSE:SIX) and Cedar Fair intend to merger their combined portfolios of 42 amusement and water parks across the US, Canada and Mexico. Six Flags is the largest water park operator in North America, while Cedar Fairs owns 11 amusement parks and four outdoor water parks across the continent.

The combined company worth some $3.5 billion will operate under the name Six Flags and trade under Cedar Fair's ticker.

Cedar Fair L.P. FUN, +5.66% and Six Flags Entertainment Corp. SIX, +5.53% said Thursday they have agreed to a merger of equals valued at about $8 billion including debt.

The deal will give the combined company reach to fend off larger competitors, executives say.

Media reports state that the theme park and hotel operator is on the brink of merging with a peer. If that were to occur, it would be a marriage of near-equals.

The deal could become finalized as soon as Thursday when Cedar Fair reports its quarterly earnings.