SeaWorld Makes $3.4 Billion Offer to Acquire Cedar Fair

[i305_zack]

Well things just took a turn. It seems Street Insider (old school financial website) seems to have some kind of belief that Six Flags might try a separate takeover bid again of Cedar Fair, at the price of between 60 to 80 dollars a unit (share). Reminder SeaWorld's is at 60 a unit.

This is the article, but it is behind a paywall.

The full article is on r/rollercoasters if you want to read it for free.

Ok now this, no…screw off six flags

 

[Wazzupnerds]

a new opponent enters the fray

Centerbridge said to build stake in takeover target Cedar Fair

Centerbridge is said to have built a more than 5% stake in Cedar Fair (FUN), the amusement park operator subject to a takeover offer from SeaWorld (SEAS).The private equity firms is...

seekingalpha.com

 

[Skyye]

Never heard of centerbridge, so im not going to worry about them too much.

Why does everyone want to buy out Cedar Fair all of a sudden?

 

[Lori Marie Loud]

a new opponent enters the fray

Centerbridge said to build stake in takeover target Cedar Fair

Centerbridge is said to have built a more than 5% stake in Cedar Fair (FUN), the amusement park operator subject to a takeover offer from SeaWorld (SEAS).The private equity firms is...

seekingalpha.com

A private equity firm? Huh

 

[Wazzupnerds]

Never heard of centerbridge, so im not going to worry about them too much.

Why does everyone want to buy out Cedar Fair all of a sudden?

lol

While Centerbridge is not the biggest name, they have been around the block a lot. They use to run Great Wolf Lodge until they sold their interest a few years ago. Just because you haven't heard of a company, doesn't mean they are not large and don't have cash.

 

[Skyye]

Just because you haven't heard of a company, doesn't mean they are not large and don't have cash.

Not exactly what I meant by "I've never heard of them" lol. Thanks though, never realized they had run great wolf.

 

[Christian]

Centerbridge are pretty big and they got the money

 

[Skyye]

SEAWORLD ENTERTAINMENT, INC. MAKES STATEMENT CONCERNING CEDAR FAIR

/PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS) today released the following statement: In response to inquiries from various stakeholders, we...

www.prnewswire.com

Nothing happened.

 

[i305_zack]

What about center bridge? Or whoever it was?

 

[Wazzupnerds]

What about center bridge? Or whoever it was?

Don't know yet about them or Six Flags.

 

[cookie]

Does the Six Flags speculation actually have any validity to it or is it pretty much Wall Street hype-mongering based on precedent? Sounds more like the latter to me.