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Guests at Knott’s Berry Farm trip the HangTime rollercoaster throughout it is first day of public operation in Buena Park on Friday, Might 11, 2018.
Jeff Gritchen | Orange County Registry | Getty Photos
Shares of theme park proprietor Cedar Honest spiked almost 10% on Tuesday, earlier than being halted, after a report steered SeaWorld Leisure had provided to purchase out the corporate for round $3.4 billion.
Bloomberg studies that SeaWorld, which additionally owns Busch Gardens, made a bid of round $60 per share for the Knott’s Berry Farm proprietor, citing folks accustomed to the matter. Cedar Honest opened Tuesday at $50 per share and rose to $54.51 earlier than buying and selling was halted for information.
Based on the publication, deliberations are ongoing and it’s unclear if Cedar Honest will settle for the deal.
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