Research Notes: Two Big Mergers

We catch up on Primo Water and Six Flags ahead of major tie-ups

Highlights:

• Investors appear unimpressed with the all-stock merger between Primo Water and privately-held BlueTriton: PRMW shares have dropped modestly since the announcement.

• Some caution makes sense: the tie-up looks great on paper, but there are underlying concerns and risks.

• Meanwhile, the merger between Six Flags and Cedar Fun looks attractive and set…