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Fly News Breaks for November 7, 2018
SIX, SEAS
Nov 7, 2018 | 14:38 EDT
After the Orlando Sentinel published a report, which points back to a blog post as its original source, claiming that Six Flags (SIX) is in talks to buy all or part of SeaWorld (SEAS), Suntrust analyst Michael Swartz said the veracity and validity of the report "appears questionable, at best." While noting this is not the first time that takeout chatter regarding SeaWorld has come up in the past 12 months, Swartz added that he is "always skeptical of any deal speculation emanating from a blog site." He does not believe that an outright acquisition of SeaWorld would make much sense for Six Flags, though he does believe the latter could have interest in the "highly attractive" Busch Gardens properties. With that said, Swartz seriously questions if SeaWorld would part with those amid its ongoing turnaround. The analyst has a Buy rating on SeaWorld shares.
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