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Cedar Fair-Six Flags merger report discounted

Oct. 02, 2019 12:40 PM ETFUN, SIXBy: Clark Schultz, SA News Editor19 Comments
  • Wells Fargo isn't sure that a combination of Cedar Fair (NYSE:FUN) and Six Flags Entertainment (NYSE:SIX) makes sense.
  • The firm calls the Reuters report a "stretch" because Six Flags doesn't have a CEO, the two theme park cultures are much different and a substantial premium would be required to acquire FUN to cover tax considerations for shareholders.
  • Cedar Fair is now only up 2.22% and Six Flags is down 1.20%.

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