The combined company, worth more than $3.5 billion, will boast 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico. It will also have entertainment partnerships and a portfolio of intellectual property including Looney Tunes, DC Comics and Peanuts.
Six Flags and Cedar Fair, which have little geographical overlap, anticipate $120 million in cost savings within two years of closing the deal. “Our merger with Six Flags will bring together two of North America’s iconic amusement park companies to establish a highly diversified footprint and a more robust operating model to enhance park offerings and performance,” Cedar Fair CEO Richard Zimmerman said in a prepared statement.
The company's newly formed board will include six directors from Cedar Fair and six directors from Six Flags.
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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
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Exclusive: US amusement park operators Cedar Fair, Six Flags in merger talks-sourcesU.S. amusement park operator Cedar Fair LP (FUN.N) is exploring a potential merger with peer Six Flags Entertainment Corp (SIX.N), people familiar with the matter said on Wednesday.
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Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks-sourcesExclusive-US amusement park operators Cedar Fair, Six Flags in merger talks-sources
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Cedar Fair exploring possible merger with Six Flags: ReportThe two companies – long-time rivals in the regional amusement park industry – were most recently linked in 2019, when Six Flags made an unsolicited $4 billion offer for Cedar Fair, which Cedar Fair rejected.
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Theme park giants Six Flags and Cedar Fair are reportedly in merger talksSix Flags and Cedar Fair may soon be merging. A deal could be closed as soon as Thursday, according to media reports citing sources familiar with the...
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