News SeaWorld Makes $3.4 Billion Takeover Bid for Cedar Fair

Register or Login to Hide This Ad for Free!
horsesboy said:
One point is while BGW and KD are only an hour apart they actually serve fairly different markets KD I'd much more heavily influenced by NOVA why BGW picks up must of it's customer base from vacationers and the tide water area. I see it as less of an issue then KI CP which seem to coexist fairly well.
Click to expand...
Perhaps they will let them coexist for a few years, and if that doesn't work out, they convert BGW into Sesame Place.
 
This is a crazy decision, and I don't see CF accepting. This would have to come with some big decisions on how to run KD and BGW as separate parks, maybe even splitting the SEAS philosophy of upping BGW's thrill factor to compete. Unless this is SEAS showing desire to grow, but maybe shed the BG brand to someone else since they don't quite fit in the SEAS image at that rate.
 
  • Like
Reactions: SLC Headache
Jonesta6 said:
If this goes through are we going to see SEAS becoming Premier Parks when they went on a bender to convert as many parks as possible to the CF brand?

Also, speaking of brand - while it's not immersive, at least CF parks let you know they're all part of the same chain whereas SEAS has a branding mishmash between the BG, SP, SW, and water park brands that currently exist (not that I'm advocating for a change).

If the deal goes through, would the average guest even notice?
Click to expand...
The only thing that links all the seas parks (dry) together is the fact that they all have Sesame Street branded areas.
 
Coasternerd said:
The only thing that links all the seas parks (dry) together is the fact that they all have Sesame Street branded areas.
Click to expand...

Which means little to nothing.

Perhaps they can ensure there's giant fancy chain logos on the trash cans and also incorporate it into each park's individual logo?
 
  • Like
Reactions: Coasternerd
I think merging these two companies would not work out well for the customers. I think having some competition is a good thing and if these companies combine then that leaves Six Flags as their closest competitor. I'm also curious how they would finance the buyout and if the combined company would be saddled with a large amount of debt. Then you end up with what happened to Six Flags in 2009 and Hertz in 2020. Probably would work out well for the stock holders in the short term.
 
  • Like
Reactions: SWStevo and Nibbins
Just throwing this out there for those who are pointing to CF Turing down 70 a share from SF in 2019 and saying that 60 a share has no chance now. CF stock price was significantly higher at the time SF made the offer meaning the 60 a share offer might not be as low ball as some are thinking.
 

Attachments

  • Screenshot_20220201-154011_Chrome.jpg
    Screenshot_20220201-154011_Chrome.jpg
    453.5 KB · Views: 37
I doubt they will accept that starting bid, but boards change as do markets. With the market recently dropping and inflation up maybe selling looks more reasonable. Also in 2019 there was no reason for entertainment industry to be worried. Now we are one super variant from all parks shuttering again for who knows how long. No companies are guaranteed survival anymore.
 
horsesboy said:
Just throwing this out there for those who are pointing to CF Turing down 70 a share from SF in 2019 and saying that 60 a share has no chance now. CF stock price was significantly higher at the time SF made the offer meaning the 60 a share offer might not be as low ball as some are thinking.
Click to expand...

Stock price in 2019 just before the potential SF buyout was $58. Stock price this morning before the SEAS announcement was $51. That's a decrease of 12% between that day in 2019 and today.

SEAS' bid of $60 per share versus SF's bid of $70 per share is 14% lower.

So SEAS' bid is in fact lower in relation to the stock price compared to SF's bid.
 
Mushroom said:
Stock price in 2019 just before the potential SF buyout was $58. Stock price this morning before the SEAS announcement was $51. That's a decrease of 12% between that day in 2019 and today.

SEAS' bid of $60 per share versus SF's bid of $70 per share is 14% lower.

So SEAS' bid is in fact lower in relation to the stock price compared to SF's bid.
Click to expand...
It actually was $49.73 yesterday at close and had been trading as low as the mid 40s in much of January.
 
  • Like
Reactions: Coasternerd
We all know how far downhill BGW has slid even before the pandemic. The constant budget cuts would only be multiplied once this massive debt is on the books.
EdK said:
I think merging these two companies would not work out well for the customers. I think having some competition is a good thing and if these companies combine then that leaves Six Flags as their closest competitor. I'm also curious how they would finance the buyout and if the combined company would be saddled with a large amount of debt. Then you end up with what happened to Six Flags in 2009 and Hertz in 2020. Probably would work out well for the stock holders in the short term.
Click to expand...
Exactly. LARGE DEBT. They didn’t cash flow enough in 21 to pay for this. Funds would be going to pay debt instead of park improvements

When KECO bought the Taft parks, that’s exactly what happen. The parks started becoming run down.
 
  • Like
Reactions: EdK
So shouldn't combined SEAS move Pantheon up to KD and move Tumbili down to BGW, so that KD is the thrills destination and BGW is the experiental one. It will be like going back to the Paramount days.
 
You must log in or register to reply here.
Consider Donating to Hide This Ad