Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Significant Six Flags Shareholder Land & Buildings Issues Statement on the Company’s Proposed Merger with Cedar Fair By: Land & Buildings Investment Management, LLC via Business Wire November 02, 2023 at 14:10 PM EDT 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 Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”), a significant shareholder of Six Flags Entertainment Corporation (NYSE: SIX) (“Six Flags” or the “Company”), issued the following comment on the Company’s proposed merger with Cedar Fair (NYSE: FUN): “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.” View source version on businesswire.com: https://www.businesswire.com/news/home/20231102687497/en/Contacts Media Longacre Square Partners Dan Zacchei dzacchei@longacresquare.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Significant Six Flags Shareholder Land & Buildings Issues Statement on the Company’s Proposed Merger with Cedar Fair By: Land & Buildings Investment Management, LLC via Business Wire November 02, 2023 at 14:10 PM EDT 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 Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”), a significant shareholder of Six Flags Entertainment Corporation (NYSE: SIX) (“Six Flags” or the “Company”), issued the following comment on the Company’s proposed merger with Cedar Fair (NYSE: FUN): “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.” View source version on businesswire.com: https://www.businesswire.com/news/home/20231102687497/en/Contacts Media Longacre Square Partners Dan Zacchei dzacchei@longacresquare.com
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
Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”), a significant shareholder of Six Flags Entertainment Corporation (NYSE: SIX) (“Six Flags” or the “Company”), issued the following comment on the Company’s proposed merger with Cedar Fair (NYSE: FUN): “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.” View source version on businesswire.com: https://www.businesswire.com/news/home/20231102687497/en/