SeaWorld (SEAS) Said to Receive $1.6 Billion Offer from Parques Reunidos - Source

October 10, 2017 12:03 PM EDT

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Spanish amusement park operator Parques Reunidos is interested in acquiring Florida-based SeaWorld Entertainment (NYSE: SEAS), according to a source claiming to have knowledge of the matter, and is willing to pay at least $1.6 billion in cash, or around $17.50 per share.

Bloomberg first reported on interest in SeaWorld from Parques Reunidos, a follow up on rumors last week regarding interest from Merlin in acquiring part of SeaWorld. Around the same time, StreetInsider reported that the company attracted interest from an unidentified foreign company. The bidder was later said to be Parques Reunidos and its minority shareholder GBL.

At least one other company made an offer for SeaWorld but Parques Reunidos’s bid was superior, and a deal could be reached as soon as next week, the source said.

SeaWorld said it doesn’t comment on rumors and Parques Reunidos hasn’t responded to a request to comment.

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