Six Flags, Cedar Fair complete merger to create amusement park powerhouse

The merger of Cedar Fair and Six Flags was completed this week, creating an amusement park powerhouse with operations spread across 17 U.S. states and three countries.The successful completion of the merger was announced on Monday by the combined company "Six Flags Entertainment Corporation," now worth more than $3.5 billion. It boasts 27 amusement parks, 15 water parks and nine resort properties in the U.S.

Six Flags and Cedar Fair, which have little geographical overlap, anticipate $120 million in cost savings within two years of closing the deal.Six Flags and Cedar Fair have talked about potential deals before, with Six Flags previously making an offer for Cedar Fair in 2019, but it was turned down. SeaWorld approached Cedar Fair with a bid in 2022, but that proposal was also rejected.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A farewell to Cedar Fair: Cedar Fair, Six Flags expected to finalize merger todayThe announcement of the historic merger came back in November of 2023.
Source: wsyx6 - 🏆 444. / 53 Read more »

Six Flags, Cedar Fair companies merge to create theme park giantSix Flags Entertainment Corp. and Cedar Fair merged on Monday after months of planning, according to a press release.
Source: ksatnews - 🏆 442. / 53 Read more »

Cedar Fair CEO takes over Six Flags as merger closesAfter months of waiting, Six Flags and Cedar Fair’s merger has finally closed, creating one theme park giant. The move will consolidate both company’s parks...
Source: dallasnews - 🏆 18. / 71 Read more »

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...
Source: dallasnews - 🏆 18. / 71 Read more »