Cedar Honest inventory jumps, is halted after report of SeaWorld takeover bid

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.

This can be a breaking information story. Please test again for updates.

Written by trendingatoz

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