Cedar Fair Corporate Development Discussion Thread (FUN)

P. 162 - Six Flags Trying to Buy Cedar Fair!!!
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Postby daveydo5172 » Thu Dec 17, 2009 1:14 am

It will be interesting to see if the Apollo group has any conflicting entities that will go against the current properties.....they own so much, something has to be connected somehow......MGM/Mirage Corp bought the 5 Mandalay Resort properties here in Las Vegas for 1 reason only, and that was because they wanted the Mandalay Bay convention center....thats all.....but they had to buy the whole package....close to 8 billion......just because they wanted the convention center at one of the properties.....perhaps this deal with Apollo could be similar....time will tell when everything comes out....

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Postby Bolliger&Mabillard » Thu Dec 17, 2009 1:46 am

Most likely Apollo will wipeout the debtload faster than CF could have...which might lead to a faster buildup in capital. Lokks like Knott's will be getting that giga after all.
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Postby G-Force! » Thu Dec 17, 2009 2:46 am

^Heck, I'll take a new hyper if that's the case.

It should be very interesting to see how much change comes to the parks, especially my home park as well.

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Postby Jew » Thu Dec 17, 2009 3:53 am

PeoplemoverMatt wrote:What's funny to me is that after all the speculation that Six Flags, SFMM specifically, was going to be sold, we've seen Busch, Universal, and now Cedar Fair all sold first! :lmao:


You might as well call Six Flags re-organization plan a sale...

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Postby 1pizza14 » Thu Dec 17, 2009 9:56 am

Please don't close Canada's Wonderland Please don't close Canada's Wonderland YIKES. I hope they don't close any of the parks :?r

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Postby Bolliger&Mabillard » Thu Dec 17, 2009 10:17 am

Assuming we see ANY CHANGES AT ALL. It would be a while before we see any noticable difference at any parks.
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Postby ginzo » Thu Dec 17, 2009 10:19 am

1pizza14 wrote:Please don't close Canada's Wonderland Please don't close Canada's Wonderland YIKES. I hope they don't close any of the parks :?r


Why would they close a very successful park? Wonderland might get the highest attendance of any seasonal park.
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Postby bgwfreak777 » Thu Dec 17, 2009 10:29 am

Sometime soon they'll be announcing Dick's retirement.

If not, I'll be very surprised.

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Postby dannerman » Thu Dec 17, 2009 10:42 am

They'll announce it the day after (if) the stockholders ok the "merger"

I also find it interesting (understandable, but interesting nonetheless) that the stock price is now up over $11/share. Greedy little vultures. With the stock price so close to $11.50/unit, I'm thinking of selling now before Dec 31st just so I won't have to worry about the tax implications in 2010. LOL.

Edit: Cedar Fair has always been Kinzel's baby. It actually makes sense to me that he'd want to sell it before leaving.

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Postby wiyoh1984 » Thu Dec 17, 2009 10:47 am

^ I've seen that happen before not long before the president/ceo/ whatever decides to retire.

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