Cedar Fair and Six Flags agree to $8 billion merger of equals

Cedar Fair L.P. and Six Flags Entertainment Corp. said Thursday they have agreed to a merger of equals valued at about $8 billion including debt, confirming a report Wednesday by the Wall Street Journal.

The new entity will have a portfolio of 27 amusement parks, 15 water parks and nine resort properties across 17 states in the United States, Canada and Mexico. “Cedar Fair’s heavy exposure in the Midwest and California diversify the overall footprint,” they wrote. The companies are also committed to allocating capital to reward shareholders once the combined company achieves its targeted net-leverage ratio, the statement said.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Cedar Fair, Six Flags agree to merge; new company will be headquartered in North CarolinaThe new company, which will be called Six Flags, will feature a combined 27 amusement parks, 15 water parks and nine resorts across 17 states, Canada and Mexico. A press statement called the transaction a “merger of equals.”
La source: clevelanddotcom - 🏆 301. / 63 Lire la suite »

Cedar Fair, parent company of Kings Island, and Six Flags to mergeCedar Fair, an Ohio-based amusement park operator and parent company of Kings Island, is set to merge with Six Flags Entertainment Corporation.The combined comp
La source: fox28columbus - 🏆 249. / 63 Lire la suite »