Six Flags and Cedar Fair, Dorney Park's parent company, to merge in $8B deal

It is not yet known what effect it could have on Six Flags Great Adventure in Jackson, New Jersey, or Dorney Park in Allentown, Pennsylvania.

"Whereas the theme park industry as a whole has been under significant pressure since the start of the pandemic, Six Flags has created additional pressure of its own, with a volatile new attendance and pricing strategy that has struggled to take root, alienating its core customers and leading to dramatic drops in visitation along the way," Hardiman wrote.

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. Zimmerman will be president and CEO of the combined company. Selim Bassoul, president and CEO of Six Flags, will become executive chairman.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

What will Cedar Fair-Six Flags merger mean for Six Flags Great America?Cedar Fair and Six Flags are merging to create an expansive amusement park operator, but what could that mean for Gurnee’s Six Flags Great America?
Fonte: nbcchicago - 🏆 545. / 51 Consulte Mais informação »