Six Flags considering closing parks across the US after merger with Cedar Point company [Yahoo! Finance]
Six Flags Entertainment Corporation New (FUN)
Last six flags entertainment corporation new earnings: 11/6 04:00 am
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Source: Yahoo! Finance
A quarterly earnings report from the newly formed Six Flags Entertainment Corporation outlined plans for a “portfolio optimization” which may include closing or selling off some of its locations. The company was created after Six Flags merged with regional entertainment giant Cedar Fair in July following approval from the Department of Justice , in a deal worth roughly $8bn. In the report, published on Wednesday, SFEC provided a rough outline for its long-range plan, titled “Project Accelerate.” The project promised a “comprehensive review of the portfolio to evaluate the potential divestiture of non-core assets to help reduce leverage.” A potential closure or sale of some Six Flags amusement parks “are now on the table,” according to Theme Park Insider The announcement comes as SFEC acknowledged that it had delivered “solid results” in its first quarter as a combined company, despite considerable disruption. "While extreme weather and other operating disruptions at critica
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- Cedar Fair, L.P. (NYSE: FUN) had its price target raised by analysts at Guggenheim from $52.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Riders caught on camera stuck in midair on California amusement park ride [FOX News]FOX News
- 22 thrill-seekers trapped for 2 hours as Knott's Berry Farm's Sol Spin ride malfunctions [USA TODAY]USA TODAY
FUN
Earnings
- 11/6/24 - Miss
FUN
Sec Filings
- 11/5/24 - Form SC
- 10/7/24 - Form SC
- FUN's page on the SEC website