A deal could come as early as Thursday, according to sources cited by multiple media outlets.Six Flags and Cedar Fair, two of the nation’s largest operators of regional amusement parks, are discussing a merger that could occur as early as Thursday, according to multiple media reports citing people familiar with the discussions.
Both companies operate with little overlap in one another’s markets. Los Angeles is the only market where the two entertainment giants compete for customers.“For the investors, I see this as a complete win,” Penney said. “They’re still rebounding from the pandemic and two years of low attendance. They’re still a little hurt by that. By doing this and pooling their resources together, they’re going to be a little bit stronger as far as putting rides in and making big decisions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: US amusement park operators Cedar Fair, Six Flags in merger talks-sourcesU.S. amusement park operator Cedar Fair LP (FUN.N) is exploring a potential merger with peer Six Flags Entertainment Corp (SIX.N), people familiar with the matter said on Wednesday.
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks-sourcesExclusive-US amusement park operators Cedar Fair, Six Flags in merger talks-sources
Source: Investingcom - 🏆 450. / 53 Read more »
Six Flags, Cedar Fair Near Merger DealAgreement between two of the largest regional-theme-park chains in the U.S. could be unveiled this week
Source: WSJ - 🏆 98. / 63 Read more »
Six Flags, Cedar Fair near merger: reportJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »
Cedar Fair exploring possible merger with Six Flags: ReportThe two companies – long-time rivals in the regional amusement park industry – were most recently linked in 2019, when Six Flags made an unsolicited $4 billion offer for Cedar Fair, which Cedar Fair rejected.
Source: clevelanddotcom - 🏆 301. / 63 Read more »