SIX - Cedar Fair stock gains after analysts see SeaWorld bid as too low

Cedar Fair (NYSE:FUN) rose 2.3% after gaining 4.3% on Monday after a report that SeaWorld (NYSE:SEAS) offered to acquire the amusement park operator for $60/share as analysts see the bid as too low and the potential for other offers. ..."We we view the $60 offer price as way too low for FUN shares or if you are bullish SEAS, a potential steal for them," Stifel analyst Steven M. Wieczynski wrote in a note. The Stifel analyst sees potential for "material upside" for SeaWorld (SEAS) in a Cedar Fair deal in the $70-$80/share range. He recommends that investors add to their SEAS positions. "But bottom line is that even if SEAS has to move their offer price higher ($70-$80) and you assume a fair multiple on SEAS moving forward, we believe shares are worth $82-$89 which represents 34%-45% upside to current trading levels," according to Wieczynski . He also highlights that at $60/share a deal for

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Cedar Fair stock gains after analysts see SeaWorld bid as too low