Other people trip a curler coaster at Six Flags Magic Mountain amusement park at the first day of opening, because the coronavirus illness (COVID-19) continues, in Valencia, California, U.S., April 1, 2021. REUTERS/Lucy Nicholson Achieve Licensing RightsNEW YORK, Nov 1 (Reuters) – U.S. amusement park operator Cedar Honest LP (FUN.N) is exploring a possible merger with peer Six Flags Leisure Corp (SIX.N), other folks accustomed to the topic stated on Wednesday.A tie-up between the 2 firms would come as considerations a few U.S. financial slowdown and shoppers curtailing their discretionary spending have weighed on their inventory efficiency. Merging would let them climate a slowdown from a more potent place.The firms have mentioned a mixture previously, together with in 2019, and there is not any sure bet that the newest deliberations will lead to an settlement, the assets stated, inquiring for anonymity since the topic is confidential.If there may be an settlement, it will come as early as Thursday, when Cedar Honest reviews quarterly income.Cedar Honest and Six Flags, that have a marketplace worth of $1.8 billion and $1.7 billion, respectively, didn’t instantly reply to requests for remark.Stocks of Cedar Honest and Six Flags rose greater than 6% and seven% at the information, respectively, in afternoon buying and selling in New York. They’ve each underperformed the Refinitiv United States Recreational & Sport Worth Go back Index through greater than 15% this 12 months. They’ve struggled to seek out their footing after the COVID-19 pandemic took a toll on their revenues.Cedar Honest owns 11 amusement parks and 4 gated out of doors water parks in 10 U.S. states and in Toronto, Ontario. Six Flags is the most important operator of water parks in North The usa, with 27 parks throughout the US, Mexico and Canada.Reporting through Greg Roumeliotis and David French in New York; modifying through Jonathan OatisOur Requirements: The Thomson Reuters Accept as true with Ideas. Achieve Licensing Rights, opens new tab
