Exclusive: US amusement park operators Cedar Fair, Six Flags in merger talks-sources

exclusive:-us-amusement-park-operators-cedar-fair,-six-flags-in-merger-talks-sources
Exclusive: US amusement park operators Cedar Fair, Six Flags in merger talks-sources

U.S. amusement park operator Cedar Fair LP (FUN.N) is considering a potential merger with Six Flags Entertainment Corp (SIX.N), according to sources familiar with the matter. The merger would help both companies navigate concerns about a U.S. economic slowdown and reduced consumer spending. While discussions about a combination have taken place in the past, there is no guarantee that an agreement will be reached this time. An announcement could potentially be made on Thursday when Cedar Fair reports its quarterly earnings. Cedar Fair and Six Flags have not yet responded to requests for comment. The news of a potential merger caused Cedar Fair shares to rise over 6% and Six Flags shares to rise over 7% in New York trading. Both companies have underperformed the Refinitiv United States Leisure & Recreation Price Return Index by more than 15% this year. Cedar Fair owns 11 amusement parks and four water parks in the U.S. and Canada, while Six Flags is the largest operator of water parks in North America with parks in the U.S., Mexico, and Canada.

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