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Cedar Fair is set to merge with Six Flags, creating a portfolio of 42 theme parks across 17 U.S. states, Canada, and Mexico.
Under that agreement, Cedar Fair unitholders will get one share in the new company for each unit they own, while Six Flags shareholders will receive 0.5800 shares in the new company for each share they own. After the deal, Cedar Fair unitholders will have about 51.2% of the new company, and Six Flags shareholders will have approximately 48.8%.
Cedar Fair owns Cedar Point, Knott's Berry Farm, Schlitterbahn, Canada's Wonderland, and other parks, while Six Flags operates about 20 parks in the U.S., two in Mexico, and one in Canada.
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