Cedar Fair and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries.
Associated PressFILE - Visitors wearing masks ride on a roller coaster at Six Flags Magic Mountain on its first day of reopening to members and pass holders in Valencia, Calif., on April 1, 2021. Cedar Fair and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 states and three countries. Cedar Fair and Six Flags Entertainment Corp.
Amusement parks have not bounced back from the pandemic as quickly as other entertainment industries and a tie-up between two huge players is expected to at least lower costs. Under the agreement announced Thursday, Cedar Fair unitholders will receive one share of common stock in the combined company for each unit owned, while Six Flags shareholders will receive 0.5800 shares of stock in the combined company for each share owned.
The business will be headquartered in Charlotte, North Carolina, and will keep significant finance and administrative operations in Sandusky, Ohio, where Cedar Fair is based.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Six Flags and Cedar Fair, Dorney Park's parent company, to merge in $8M dealThe combined company will continue to use the Six Flags name and operate a portfolio of 27 amusement parks, 15 water parks and 9 resort properties across North America.
Read more »
Cedar Fair and Six Flags will merge to create a playtime powerhouse in North AmericaCedar Fair and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries. The combined company will include 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico.
Read more »
Six Flags and Cedar Fair Stocks Soar on News of Theme Park MergerThe combined company worth some $3.5 billion will operate under the name Six Flags and trade under Cedar Fair's ticker.
Read more »
Six Flags, Cedar Fair Strike Big Theme-Park MergerDeal will give combined company reach to fend off larger competitors
Read more »
Six Flags, Cedar Fair near merger: reportJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Read more »
Six Flags, Cedar Fair Near Merger DealAgreement between two of the largest regional-theme-park chains in the U.S. could be unveiled this week
Read more »