FUN Stock Recent News

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Six Flags Entertainment (NYSE:SIX)'s merger with Cedar Fair (NYSE:FUN) materially increases value for shareholders, analysts at Jefferies said as they awarded the company with a ‘Buy' rating, from ‘Hold'. What's more, they raised their price target on Six Flags to $32 from $25, saying “the pro forma math is compelling.

Six Flags and Cedar Fair announced a merger of equals earlier this year, expected to close in the first half of 2024. SeaWorld posted its worst quarter since 2020 on Wednesday.

David Katz, Jefferies Equity analyst, joins 'Power Lunch' to discuss theme parks after Six Flags announced its merger with Cedar Fair.

Cedar Fair, L.P. (NYSE:FUN ) Six Flags Mergers of Equals Conference Call November 2, 2023 8:30 AM ET Company Participants Michael Russell - Corporate Director, Investor Relations Selim Bassoul - Chief Executive Officer, Six Flags Richard Zimmerman - Chief Executive Officer, Cedar Fair Brain Witherow - Chief Financial Officer, Cedar Fair Gary Mick - Chief Financial Officer, Six Flags Conference Call Participants Steven Wieczynski - Stifel Thomas Yeh - Morgan Stanley James Hardiman - Citigroup Ian Zaffino - Oppenheimer Chris Woronka - Deutsche Bank Michael Swartz - Truist Barton Crockett - Rosenblatt Securities Paul Golding - Macquarie Robert Aurand - KeyBanc Capital Markets Operator Hello, everyone and welcome to today's Conference Call on Cedar Fair and Six Flags to combine in Merger of Equals creating a leading amusement park operator.

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.