Cedar Fair Stock (NYSE:FUN), Trade Ideas

Cedar Fair

Cedar Fair LP operates amusement park resorts located in various states across the USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership's portfolio of parks includes Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan's Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott's Berry Farm, and California's Great America. Other than these parks, the partnership also holds a contract to operate a few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.

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Cedar Fair&#39;s Strategic Merger with Six Flags Moves Forward Amid Record Guest Numbers and Financial Results

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Six Flags Entertainment Corp (NYSE: SIX) and Cedar Fair (NYSE: FUN) are reportedly on the cusp of finalizing a merger, potentially reshaping the landscape of regional amusement parks in the U.S.

Amusement Industry Set For Shake-Up As Six Flags Nears Merger Deal With Cedar Fair: Report

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Mizuho analyst Ben Chaiken initiates coverage on Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Buy rating and announces Price Target of $56.

Price Target

Initiation

Analyst Ratings

Mizuho Initiates Coverage On Cedar Fair with Buy Rating, Announces Price Target of $56

Keybanc analyst Robert Aurand maintains Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Overweight and raises the price target from $49 to $52.

Keybanc Maintains Overweight on Cedar Fair, Raises Price Target to $52

Cedar Fair LP&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) reported a fourth-quarter FY23 sales growth of 1% year-on-year to $371.12 million, beating the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37150891/cedar-fair-reports-results-for-2023" rel="noreferrer noopener">consensus of $366.96 million</a>.
The net loss of $(10) million compared with&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">net income of $12 million</a>&nbsp;Y/Y is primarily due to transaction costs related to the proposed merger with&nbsp;Six Flags Entertainment Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>).
The attendance totaled a record 5.78 million guests, up 9%, Y/Y. The increase in attendance was primarily attributable to increased season pass visits.
In-park per capita spending was $58.61, down by 7% Y/Y. The decrease was primarily due to a shift in attendance mix to lower-priced ticketing channels.
Out-of-park revenues were a record $42.5 million, up 7% Y/Y.
During the quarter, the parks had 377 operating days compared to 366 Y/Y.
The operating margin was 7.8% versus 13.5% a year ago. The operating income for the quarter was $28.8 million, down by 42% Y/Y.&nbsp;
Adjusted EBITDA was $88.86 million, down from $87.83 million Y/Y.
The company held $65.49 million in cash and equivalents as of December 31, 2023.
The board approved a quarterly cash distribution of $0.30 per LP unit.
Commenting on the proposed merger with Six Flags, Cedar Fair CEO Richard Zimmerman concluded, &#8220;Cedar Fair and Six Flags continue to work constructively with the DOJ in its review&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/11/35556472/amusement-industry-set-for-shake-up-as-six-flags-nears-merger-deal-with-cedar-fair-report" rel="noreferrer noopener">of the merger</a>&nbsp;and continue to expect it will be completed in the first half of 2024.&#8221;
Price Action: FUN shares closed lower by 1.29% at $41.34 on Wednesday.
Photo via Wikimedia Commons

Cedar Fair's Strategic Merger with Six Flags Moves Forward Amid Record Guest Numbers and Financial Results

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Earnings Scheduled For February 15, 2024

Commenting on the proposed merger with Six Flags, Cedar Fair CEO Richard Zimmerman concluded, &quot;Cedar Fair and Six Flags continue to work constructively with the DOJ in its review&nbsp;of the merger&nbsp;and continue
Commenting on the proposed merger with Six Flags, Cedar Fair CEO Richard Zimmerman concluded, &quot;Cedar Fair and Six Flags continue to work constructively with the DOJ in its review&nbsp;<a href="https://www.benzinga.com/markets/equities/23/11/35556472/amusement-industry-set-for-shake-up-as-six-flags-nears-merger-deal-with-cedar-fair-report" target="_blank">of the merger</a>&nbsp;and continue to expect it will be completed in the first half of 2024.&quot;

Management

Cedar Fair CEO Richard Zimmerman Expects DOJ to Complete Review of Six Flags Merger in the First Half

Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) reported quarterly sales of $371.12 million which beat the analyst consensus estimate of $366.96 million by 1.13 percent. This is a 1.40 percent increase over sales of $365.99 million the same period last year.

Cedar Fair Q4 Sales $371.12M Beat $366.96M Estimate, Net Loss of $(10)M Compared to Net Income of $12M YoY

Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.
Analysts estimate that Cedar Fair will report an earnings per share (EPS) of $0.28. 
Cedar Fair bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.42, which was followed by a 3.38% increase in the share price the next day.
Here's a look at Cedar Fair's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3.79</td>
<td>1.10</td>
<td>-1.83</td>
<td>-0.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.21</td>
<td>1.04</td>
<td>-2.61</td>
<td>0.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.38%</td>
<td>2.09%</td>
<td>1.24%</td>
<td>-0.11%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707930083_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Cedar Fair were trading at $41.88 as of February 13. Over the last 52-week period, shares are down 7.32%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/FUN/earnings">To track all earnings releases for Cedar Fair visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Cedar Fair

Valleyfair to Hire 1,600 Seasonal Associates for 2024 Season
Week-long hiring event February 17-24 to fill wide variety of roles
Valleyfair, the region&#39;s premier amusement park, today said it plans to hire more than 1,600 seasonal associates as it prepares to open for the 2024 season in May. The park anticipates filling the majority of those roles during a week-long hiring blitz to be held Feb. 17-24 as part of one of the largest-ever recruiting campaigns by Valleyfair&#39;s parent company, Cedar Fair Entertainment Company, across all its parks in the United States and Canada.
These positions include:
<ul>
<li>Ride operators&nbsp;</li>
<li>Food and Beverage</li>
<li>Lifeguards and Aquatics</li>
<li>Security</li>
<li>And many more roles.</li>
</ul>

Cedar Fair Entertainment's Valleyfair To Hire 1,600 Seasonal Associates For 2024 Season

Oppenheimer analyst Ian Zaffino initiates coverage on Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Outperform rating and announces Price Target of $49.

Oppenheimer Initiates Coverage On Cedar Fair with Outperform Rating, Announces Price Target of $49

<h3>Gainers</h3>
<ul>
<li>Kaixin Auto Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares increased by 9.5% to $0.31 during Wednesday's after-market session. The company's market cap stands at $8.3 million. </li>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) stock moved upwards by 5.82% to $0.65. The company's market cap stands at $45.7 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock rose 5.17% to $0.61. The market value of their outstanding shares is at $31.5 million. </li>
<li>PetMed Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETS#NASDAQ">PETS</a>) shares rose 3.67% to $6.44. The market value of their outstanding shares is at $136.1 million. </li>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) shares increased by 3.5% to $0.35. The company's market cap stands at $1.5 million. </li>
<li>Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) shares rose 3.22% to $42.09. The market value of their outstanding shares is at $2.1 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares fell 31.0% to $0.09 during Wednesday's after-market session. The market value of their outstanding shares is at $1.1 million. </li>
<li>J-Long Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) stock declined by 6.12% to $12.44. The company's market cap stands at $390.6 million. </li>
<li>Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) stock decreased by 4.95% to $68.19. The market value of their outstanding shares is at $2.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Canoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) stock decreased by 4.85% to $0.19. The market value of their outstanding shares is at $186.4 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXA#NASDAQ">CNXA</a>) stock fell 4.44% to $0.38. The market value of their outstanding shares is at $1.2 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock fell 3.67% to $0.21. The company's market cap stands at $7.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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- SEC Filing As previously announced, on November&nbsp;2, 2023, Cedar Fair, L.P., a Delaware limited partnership ("Cedar Fair") entered into an Agreement and Plan of Merger (the "Merger Agreement" and the transactions contemplated thereby, the "Mergers") with Six Flags Entertainment Corporation, a Delaware corporation ("Six Flags"), CopperSteel HoldCo, Inc., a Delaware corporation and subsidiary of Cedar Fair and Six Flags ("HoldCo"), and CopperSteel Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of HoldCo.
On January&nbsp;22, 2024, Cedar Fair and Six Flags each received a request for additional information and documentary materials (a "Second Request") from the Department of Justice (the "DOJ") in connection with the DOJ's review of the Mergers. The effect of a Second Request is to extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), until 30 days after each of Cedar Fair and Six Flags has substantially complied with the Second Request issued to it, unless that period is extended voluntarily by the parties or terminated earlier by the DOJ. Per the terms of the Merger Agreement, Cedar Fair and Six Flags will use their reasonable best efforts to certify substantial compliance with the Second Request on or before May 2, 2024.
Completion of the Mergers remains subject to the expiration or termination of the waiting period under the HSR Act and the satisfaction or waiver of the other closing conditions specified in the Merger Agreement. Cedar Fair and Six Flags continue to work constructively with the DOJ in its review of the Mergers and continue to expect that the Mergers will be completed in the first half of 2024, subject to the fulfillment of the closing conditions, including receipt of required regulatory approvals and approval of Six Flags' stockholders.

Legal

On Jan 22, Six Flags Entertainment Corp And Cedar Fair Each Received A Request For Additional Information And Documentary Materials From DOJ

Truist Securities analyst Michael Swartz maintains Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Buy and raises the price target from $44 to $46.

Truist Securities Maintains Buy on Cedar Fair, Raises Price Target to $46

Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) has observed the following analyst ratings within the last quarter: 
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
These 7 analysts have an average price target of $48.29 versus the current price of Cedar Fair at $38.2099, implying upside.
Below is a summary of how these 7 analysts rated Cedar Fair over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1702555214_0.png" alt="price target chart" />
This average price target has increased by 0.6% over the past month.
<a href="https://www.benzinga.com/quote/FUN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cedar Fair analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h1>How Are Analyst Ratings Determined?</h1>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings for Cedar Fair

Morgan Stanley analyst Thomas Yeh maintains Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Overweight and raises the price target from $50 to $55.

Morgan Stanley Maintains Overweight on Cedar Fair, Raises Price Target to $55

Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) has observed the following analyst ratings within the last quarter: 
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
According to 6 analyst offering 12-month price targets in the last 3 months, Cedar Fair has an average price target of $47.17 with a high of $56.00 and a low of $40.00. 
Below is a summary of how these 6 analysts rated Cedar Fair over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1700679610_0.png" alt="price target chart" />
This current average represents a 1.05% decrease from the previous average price target of $47.67. 
<a href="https://www.benzinga.com/quote/FUN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cedar Fair analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h1>What Are Analyst Ratings?</h1>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings for Cedar Fair

Stifel analyst Steven Wieczynski maintains Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Buy and lowers the price target from $51 to $49.

Stifel Maintains Buy on Cedar Fair, Lowers Price Target to $49

Morgan Stanley analyst Thomas Yeh maintains Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Overweight and raises the price target from $48 to $50.

Morgan Stanley Maintains Overweight on Cedar Fair, Raises Price Target to $50

Citigroup analyst James Hardiman upgrades Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) from Neutral to Buy and raises the price target from $40 to $46.

Upgrades

Citigroup Upgrades Cedar Fair to Buy, Raises Price Target to $46

<h2>Significant Six Flags Shareholder Land &amp; Buildings Issues Statement on the Company's Proposed Merger with Cedar Fair</h2>
Believes Proposed Deal Does Not Maximize Value for All Shareholders and that Monetizing Six Flags' Real Estate – Which is Likely Worth Nearly $30 Per Share – Represents Superior Pathway
Intends to Vote Against the Merger and Explore All Options to Realize Full Value for Shareholders
November 02, 2023 02:10 PM Eastern Daylight Time
STAMFORD, Conn.--(<a href="https://www.businesswire.com/">BUSINESS WIRE</a>)--Today, Land &amp; Buildings Investment Management, LLC (together with its affiliates, "Land &amp; Buildings"), a significant shareholder of Six Flags Entertainment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>) ("Six Flags" or the "Company"), issued the following comment on the Company's proposed merger with Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>):
"The proposed merger of Six Flags and Cedar Fair does not maximize value for all shareholders and there are better alternatives available. We believe the right path forward is to monetize the Company's real estate, which alone is likely worth nearly $30 per share based on inquiries we have received from interested third parties. We plan to explore all options to maximize value for shareholders and do not intend to support the merger as currently structured."

Significant Six Flags Shareholder Land & Buildings Issues Statement On The Company's Proposed Merger With Cedar Fair; Intends To Vote Against The Merger And Explore All Options To Realize Full Value For Shareholders

Cedar Fair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) has announced a merger with Six Flags Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>) that is expected to be completed 2024-H1.
Under the terms of the agreement, Cedar Fair has agreed to give Six Flags Entertainment $8.00 billion in in exchange for SIX stock. Currently, neither company has disclosed whether the paymentwill be in cash or in stock. 
<h3>About The Companies Involved</h3>
Cedar Fair LP operates amusement park-resorts located in various states across USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions.
Six Flags Entertainment Corp owns and operate regional theme parks and water parks. The company operates around 27 theme parks and waterparks, 24 are located in the United States, two are located in Mexico and one is located in Montreal, Canada.
<h3>How A Merger Works</h3>
A merger happens when a company combines operations with another company. In practice, one company will buy the other company's stock in exchange for its own stock. In some cases, cash is used to pay for the company's stock but usually the companies agree to a stock-for-stock transaction.
Due to the exchange and acquisition of stock, a merger is similar to an acquisition. This is why the two terms are commonly grouped together as mergers and acquisitions (M&amp;A). However, in a merger, the leadership &amp; operations of both companies usually change dramatically, while during an acquisition this is less likely to happen.
Make sure to <a href="https://www.benzinga.com/calendars/m-a">follow our mergers &amp; acquisitions calendar</a> to stay-up-to-date on the most recent M&amp;A deals.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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