SEAWORLD ENTERTAINMENT, INC. MAKES STATEMENT CONCERNING CEDAR FAIR

Rhea-AI Summary

SeaWorld Entertainment, Inc. (NYSE: SEAS) announced that its proposal to acquire Cedar Fair has been rejected, stating that they do not foresee a path to completing a transaction. The company, known for its diverse theme parks and strong commitment to animal welfare, has a history of rescuing over 39,500 animals. SeaWorld operates various renowned brands, including SeaWorld, Busch Gardens, and Aquatica, and features a wide range of attractions appealing to diverse demographics.

Positive

• Diverse portfolio with 12 destination and regional theme parks.
• Strong commitment to animal welfare and successful rescue efforts.

Negative

• Acquisition proposal for Cedar Fair rejected, showing potential growth limitations.

ORLANDO, Fla., Feb. 15, 2022 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS) today released the following statement: 

In response to inquiries from various stakeholders, we confirm that our offer to acquire Cedar Fair was rejected.  Unfortunately, we do not see a path to a transaction.

About SeaWorld Entertainment, Inc.

SeaWorld Entertainment, Inc. (NYSE: SEAS) is a leading theme park and entertainment company providing experiences that matter, and inspiring guests to protect animals and the wild wonders of our world. The Company is one of the world's foremost zoological organizations and a global leader in animal welfare, training, husbandry and veterinary care. The Company collectively cares for what it believes is one of the largest zoological collections in the world and has helped lead advances in the care of animals. The Company also rescues and rehabilitates marine and terrestrial animals that are ill, injured, orphaned or abandoned, with the goal of returning them to the wild. The SeaWorld® rescue team has helped more than 39,500 animals in need over the Company's history.  SeaWorld Entertainment, Inc. owns or licenses a portfolio of recognized brands including SeaWorld®, Busch Gardens®, Aquatica®, Sesame Place® and Sea Rescue®. Over its more than 60-year history, the Company has built a diversified portfolio of 12 destination and regional theme parks that are grouped in key markets across the United States, many of which showcase its one-of-a-kind zoological collection. The Company's theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for its guests.

Copies of this and other news releases as well as additional information about SeaWorld Entertainment, Inc. can be obtained online at www.seaworldentertainment.com. Shareholders and prospective investors can also register to automatically receive the Company's press releases, SEC filings and other notices by e-mail by registering at that website.

Contact:

Investor Relations Inquiries:
Matthew Stroud
Investor Relations
(855) 797-8625
Investors@SeaWorld.com

Media Inquiries:
Lisa Cradit
SVP – Head of Communications
(646) 245-2476
Lisa.cradit@seaworld.com

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SOURCE SeaWorld Entertainment, Inc.

FAQ

What was SeaWorld's offer concerning Cedar Fair?

SeaWorld Entertainment's offer to acquire Cedar Fair was rejected, and they do not see a path to a transaction.

What are the key brands owned by SeaWorld Entertainment?

SeaWorld Entertainment owns several key brands including SeaWorld, Busch Gardens, Aquatica, Sesame Place, and Sea Rescue.

How many animals has SeaWorld rescued?

SeaWorld's rescue team has helped more than 39,500 animals in need over its history.

When was the statement about Cedar Fair released?

The statement regarding Cedar Fair was released on February 15, 2022.

Is SeaWorld focused on animal welfare?

Yes, SeaWorld is recognized for its commitment to animal welfare, care, and rehabilitation efforts.