Six Flags, Cedar Fair rise after DOJ clears $8 bln merger

Six Flags Entertainment

26/06/2024 14:28

** Shares of Six Flags Entertainment  SIX.N  up 3.6% at
$31.12 and Cedar Fair's  FUN.N  stock up 2.3% at $50.39
premarket after U.S. Department of Justice (DOJ) gives amusement
park operators go-ahead to merge
    ** Both cos announce they will proceed with closing of the
merger, expected to occur on Mon, Jul 1
    ** Following the closing, combined co will be renamed “Six
Flags Entertainment Corporation”
    ** Trading in combined co's stock on NYSE anticipated to
begin on Tues, Jul 2 under ticker "FUN"
    ** Six Flags and Cedar Fair announced mergerin Nov in deal
valued at $8 bln, including debt
    ** SIX shares closed at $19.90 on Oct 31, the day before
Reuters reported of merger talks between the firms. FUN shares
closed at $35.50 on Oct 31

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))