© Reuters. People ride a roller coaster at Six Flags Magic Mountain amusement park on the first day of opening, as the coronavirus disease continues, in Valencia, California, U.S., April 1, 2021. REUTERS/Lucy NicholsonA tie-up between the two companies would come as concerns about a U.S. economic slowdown and consumers curbing their discretionary spending have weighed on their stock performance. Merging would allow them to weather a slowdown from a stronger position.
If there is an agreement, it could come as early as Thursday, when Cedar Fair reports quarterly earnings. Cedar Fair shares and Six Flags rose more than 6% and 7% on the news, respectively, in afternoon trading in New York. They have both underperformed the Refinitiv United States Leisure & Recreation Price Return Index by more than 15% this year.
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