Cedar Fair, Six Flags finalize merger

Cedar Point's parent company, Cedar Fair, will be merging with Six Flags, according to a press release from the companies.

Cedar Fair and Six Flags Entertainment Corporation announced they will enter into a definitive merger agreement; the combined company will be valued at roughly $8 billion, based on both companies' debt and equity values as of Oct. 31, according to Cedar Fair.

The business will be headquartered in Charlotte, North Carolina, and will keep significant finance and administrative operations in Sandusky, Ohio, where Cedar Fair is based. “The combination of Six Flags and Cedar Fair will redefine our guests’ amusement park experience as we combine the best of both companies,” added Selim Bassoul, President and Chief Executive Officer of Six Flags. “Six Flags and Cedar Fair share a strong cultural alignment, operating philosophy, and steadfast commitment to providing consumers with thrilling experiences.

United States United States Latest News, United States United States Headlines

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

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.
Source: 6abc - 🏆 250. / 63 Read more »

Six Flags and Cedar Fair Stocks Soar on News of Theme Park MergerThe combined company worth some $3.5 billion will operate under the name Six Flags and trade under Cedar Fair's ticker.
Source: MarketWatch - 🏆 3. / 97 Read more »

Six Flags, Cedar Fair Strike Big Theme-Park MergerDeal will give combined company reach to fend off larger competitors
Source: WSJ - 🏆 98. / 63 Read more »