Six Flags Stock at Half Mast as CEO Says No M&A Deal in Works 

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© Reuters. © Reuters. – Six Flags Entertainment (NYSE:) tumbled in midday trade on Wednesday after CEO Jim Reid-Anderson said on an earnings call that the company was not in merger talks.

Reuters reported earlier this month that the company had made a $4 billion cash and stock takeover bid to Cedar Fair (NYSE:).

The news caused shares of the entertainment group to slump nearly 12%. Six Flags was already trading in the red after its third-quarter earnings came in below estimates, as park-goers spent less.

Six Flags reported per share of $2.11 on revenue of $621 million.

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