Cedar Fair, parent company of Kings Island, and Six Flags to merge

Cedar Fair, parent company of Kings Island, announced a merger with Six Flags. The combined company, valued at $8 billion based on both companies’ debt and equity values as of Oct. 31, "will be a leading amusement park operator in the highly competitive leisure space with an expanded and diversified footprint, a more robust operating model and a strong revenue and cash flow generation profile," Cedar Fair said in a Thursday morning news release.

“Together, we will have an expanded and complementary portfolio of attractive assets and intellectual property to deliver engaging entertainment experiences for guests."Upon the merger, Zimmerman will serve as president and chief executive officer of the combined company and Selim Bassoul, president and chief executive officer of Six Flags, will serve as executive chairman of the combined company’s board of directors.

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