Six Flags and Cedar Fair have received regulatory approval to complete its merger by July 1.
The merger will create a new combined company that’s valued at approximately $8 billion. It’s set to close July 1.
The Julians perform in front of the Silver Star Carousel at Six Flags Over Texas on, Saturday, March 9, 2024, in Arlington.with Cedar Fair. It sets both companies firmly on track to meet its July 1 target date. The new combined company will start trading on the New York Stock Exchange July 2 under Cedar Fair’s ticker, FUN.Four out of five people on the company’s Board of Directors will be Cedar Fair executives. The one standout is Gary Mick, Six Flags’ CFO and executive vice president.
“As our collective team pauses to recognize this important milestone, together we are eager to embark on the next chapter of our journey to offer millions of guests across North America unparalleled, family-focused entertainment full of fun, thrills and lifetime memories,” Bassoul said in a press release.The new combined company is going to be facing some tough competition across the rest of the country as it tries to keep up with Walt Disney World and Universal Studios.
Combining both company’s 42 parks and nine resorts across 17 states will put it in a position to keep widening its net to its customers, the new company’s president and CEO Richard Zimmerman, who is currently serving in the same role for Cedar Fair, said.“With an anticipated pro-forma enterprise value of approximately $8 billion, the combined company is well positioned to drive future growth,” he said.
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 will move headquarters after Cedar Fair merger closes July 1Six Flags and Cedar Fair will soon be wrapping up its merger on July 1. The new combined company will move Six Flags out of Arlington after four years at its...
Read more »
Six Flags' merger with Cedar Fair to be completed July 1; shares jumpThe new company will operate as Six Flags and be based in Charlotte, N.C. Six Flags now calls Arlington home, while Cedar Fair is in Sandusky, Ohio.
Read more »
Cedar Fair sets July 1 merger date with Six Flags, announces new company’s management teamAmong the parks impacted by the merger are Cedar Point and Kings Island in Ohio, both owned by Cedar Fair.
Read more »
Cedar Point and Six Flags set to merge July 1Reporter at News 5 Cleveland
Read more »
Six Flags and Schlitterbahn parent company to finalize $8 billion mergerSix Flags and Cedar Fair — the company that owns Schlitterbahn — will finally merge months after entering a definitive merger agreement.
Read more »
Broadway Book Fair: An adult book fair for San AntonioNowhere Bookshop and Belle & Union Co., 7959 Broadway 502 in San Antonio, are teaming up for the event Saturday, June 22, 2024.
Read more »