Six Flags And Cedar Fair: Synergies Provide Great Upside [Seeking Alpha]
Cedar Fair, L.P. (FUN)
Last cedar fair, l.p. earnings: 11/6 04:00 am
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US:NYSE Investor Relations:
ir.cedarfair.com/investor-home/default.aspx
Company Research
Source: Seeking Alpha
The combined entity will have a history of constant modest growth with strong margins. The merger is expected to result in significant synergies, including $120 million in cost savings and $80 million in incremental EBITDA from an elevated offering. The synergies provide great upside for investors if achieved, with my DCF model estimating good upside for both stocks. Six Flags ( NYSE: SIX ) operates theme parks and water parks in the United States, Mexico, and Canada. The company is looking to merge with Cedar Fair ( NYSE: FUN ), an amusement park, water park, and hotel operator. In the proposed merger, looking to be completed within the first half of 2024, Six Flags' shareholders look to own around 48.8% of the new company, HoldCo, with Cedar Fair's shareholders owning 51.2% of the new company. The new company will be named Six Flags, but will take Cedar Fair's ticker. Both Six Flags' and Cedar Fair's stocks have performed modestly prior to the Covid pandemic that disturbed
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FUN
News
- Cedar Fair, L.P. (NYSE: FUN) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Best Workplaces in Canada 2024: 100-999 employees [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- SCHLITTERBAHN NEW BRAUNFELS WATERPARK TO OPEN NEW CHILDREN'S AREA FEATURING THE WORLD'S FIRST WATER COASTER FOR KIDS [Yahoo! Finance]Yahoo! Finance
- SCHLITTERBAHN NEW BRAUNFELS WATERPARK TO OPEN NEW CHILDREN’S AREA FEATURING THE WORLD’S FIRST WATER COASTER FOR KIDSGlobeNewswire
- Iron Menace roller coaster at Dorney Park is a 64 mph thrill. Here's what it's like to ride [CBS News]CBS News
FUN
Earnings
- 8/3/23 - Miss
FUN
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/11/24 - Form 8-K
- 3/29/24 - Form 4
- FUN's page on the SEC website