Three more updates to protect your gains: Cedar Fair, Warner Bros. Discovery & McKesson

Article Excerpt

CEDAR FAIR L.P. $39 is still a hold. The partnership (New York symbol FUN; Income Portfolio, Consumer sector; Units outstanding: 51.0 million; Market cap: $2.0 billion; Price-to-sales ratio: 1.1; Distribution yield: 3.1%; TSINetwork Rating: Average; www.cedarfair.com) has agreed to merge with rival amusement park operator Six Flags Entertainment Corp (New York symbol SIX). The combined firm will take the Six Flags name and trade on the New York exchange under the “FUN” symbol. It will operate 27 amusement parks, 15 water parks and 9 resort properties in the U.S., Canada, and Mexico. Under the terms of the deal, Cedar Fair will dissolve its Master Limited Partnership structure and unitholders will receive one common share of the combined company for each FUN unit they own; Six Flags shareholders will receive 0.58 of a share for each SIX share they own. Cedar Fair investors will own 51.2% of the new company, with Six Flags shareholders holding the remaining 48.8%. The companies expects to complete the merger in…