Information Provided By:
Fly News Breaks for October 2, 2019
SIX, FUN
Oct 2, 2019 | 14:29 EDT
Stifel analyst Steven Wieczynski commented on Reuters' report that Six Flags (SIX) is bidding to purchase Cedar Fair (FUN), stating that while he has no direct insight, "the news does not totally catch us by surprise" given the complementary nature of the two portfolios and the theme park industry's "significant late-cycle M&A history." He believes Cedar Fair could be worth $70 to $90 per share in a takeover scenario, but also sees "gating factors" to a deal such as Six Flags' leverage and tax liabilities for shareholders. Wieczynski has Buy ratings on both stocks.
News For FUN;SIX From the Last 2 Days
There are no results for your query FUN;SIX