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.

France Dernières Nouvelles, France 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.

Six Flags and Cedar Fair, Dorney Park's parent company, to merge in $8M dealThe combined company will continue to use the Six Flags name and operate a portfolio of 27 amusement parks, 15 water parks and 9 resort properties across North America.
La source: 6abc - 🏆 250. / 63 Lire la suite »

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 »