SeaWorld says Cedar Fair has rejected its takeover offer

Guests attend the animal theme park SeaWorld in San Diego, California March 19, 2014 REUTERS/Mike Blake

Feb 15 (Reuters) – SeaWorld Leisure Inc (SEAS.N) mentioned on Tuesday its supply to amass amusement park operator Cedar Honest LP (FUN.N) has been rejected and that it doesn’t see a path to a transaction.

Cedar Honest declined to remark.

Reuters reported this month that SeaWorld, a Florida-based theme park and leisure firm, had provided to purchase Cedar Honest for $3.4 billion in money, in keeping with an individual acquainted with the matter. learn extra

On the time the Sandusky, Ohio-based firm confirmed it had acquired an unsolicited proposal however didn’t disclose the supply worth.

Cedar Honest, which has a market worth of $3.5 billion, owns and operates 13 properties, together with amusement parks, water parks and resort services. The corporate’s parks have about 28 million visitors yearly, in keeping with its web site.

In 2019, it rejected a takeover supply of $4 billion, or about $70 per share, from bigger peer Six Flags Leisure Corp .

Reporting by Anirudh Saligrama and Ann Maria Shibu in Bengaluru; Enhancing by Sherry Jacob-Phillips and Edwina Gibbs

: The Thomson Reuters Trust Principles.