Cedar Fair L.P. (FUN) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Following the proposed merger with Six Flags, Cedar Fair L.P. faces a significant shift in stakeholder power dynamics. Post-merger, it is anticipated that Cedar Fair’s current unitholders will possess a reduced 51.2% of the combined entity’s fully diluted outstanding shares, in contrast to Six Flags’ stockholders who will hold approximately 48.8%. This new balance will effectively dilute the voting power and influence that Cedar Fair’s unitholders presently exert over the company’s strategic decisions and policies, marking a pivotal change in the company’s governance structure.
Overall, Wall Street has a Strong Buy consensus rating on FUN stock based on 7 Buys.
To learn more about Cedar Fair L.P.’s risk factors, click here.
