SeaWorld May Have More Suitors Than You Think

SeaWorld May Have More Suitors Than You Think

SeaWorld Entertainment (NYSE: SEAS) may be up for sale, and if so, things could get interesting. Shares of the the troubled theme park operator dismissed the chatter on Thursday, sending the stock nearly 7% lower after Bloomberg reported that Legoland operator Merlin Entertainments Plc has approached SeaWorld about acquiring some of its assets. 

The report's unnamed source also said that SeaWorld has received interest from other possible suitors. Who would buy SeaWorld Entertainment? It's an activist target with sluggish attendance trends. Things are so bad at SeaWorld that it had to nix its dividend last year. However, opportunistic shoppers know that there's value in everything at the right price. SeaWorld still attracted 22 million guests across its properties last year, generating average revenue per guest just north of $61.

Image source: SeaWorld.

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Source: Fool.com