SIX - Hot Stocks: FUN jumps on merger report; NYT buys Wordle; SANM HLIT move on earnings news

M&A headlines and earnings reports provided the main fuel for trading in Tuesday's midday action. Cedar Fair (NYSE:FUN) rallied on reports that it has received a merger offer from fellow theme-park operator SeaWorld Entertainment (NYSE:SEAS). New York Times (NYSE:NYT) also rose in the wake of M&A news. The stock, which is waiting on an earnings report this week, gained ground after it announced the acquisition of Wordle. On the earnings front, Sanmina (NASDAQ:SANM) climbed following the release of strong financial figures. The announcement of a quarterly report had the opposite impact on Harmonic (NASDAQ:HLIT), which fell on guidance included with its results. Gainers Cedar Fair (FUN) led a rally in theme park stocks amid reports that SeaWorld Entertainment (SEAS) has made a $3.4B takeover bid for the Ohio-based amusement park operator. According to Bloomberg, SEAS has offered $60 per unit for FUN and the two parties are working on a

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Hot Stocks: FUN jumps on merger report; NYT buys Wordle; SANM, HLIT move on earnings news