U.S. Markets closed

Six Flags Stock at Half Mast as CEO Says No M&A Deal in Works

Investing.com - Six Flags Entertainment (NYSE:SIX) tumbled in midday trade on Wednesday after CEO Jim Reid-Anderson said on an earnings call that the company was not in merger talks.

Reuters reported earlier this month that the company had made a $4 billion cash and stock takeover bid to Cedar Fair (NYSE:FUN).

The news caused shares of the entertainment group to slump nearly 12%. Six Flags was already trading in the red after its third-quarter earnings came in below estimates, as park-goers spent less.

Six Flags reported earnings per share of $2.11 on revenue of $621 million.

Related Articles

Boeing hit with new industrial setbacks as 737 MAX crisis deepens

Head of international 737 MAX review, NTSB chair to testify before Senate

Google claims 'quantum supremacy'; others say hold on a qubit