Cedar Fair CEO takes over Six Flags as merger closes

There are no anticipated changes to any parks and each park will retain its legacy branding, Cedar Fair said in a press release.has finally closed, creating one theme park giant. The move will consolidate both company’s parks under one company and, most importantly to Texans,The merger unites both companies into a singular $8 billion entity that will own and operate over 40 amusement and water parks as well as nine hotels and resorts.

“Our merger establishes a new Six Flags Entertainment Corporation with a highly diversified footprint and robust operating model, enhancing park offerings and performance through the complementary portfolio of attractive assets and intellectual property from each of Cedar Fair and the former Six Flags,” he said.

The merger will move Selim Bassoul, Six Flags’ former president and CEO, to a new role as the executive chairman of Six Flags’ board of directors. It’s a minimized role for him but he’s still confident this move was best for business, he said.“We believe that by combining the best ideas and most successful entertainment practices of both Six Flags and Cedar Fair, the new Six Flags can deliver a superior level of joy and excitement that has yet to be experienced by regional park guests,” he said.

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