Cedar Fair and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries.
Associated PressVisitors to Six Flag Fiesta Texas wear masks for protection against the coronavirus and are spaced apart on a ride Friday, June 19, 2020, in San Antonio. The theme park reopened Friday as COVID-19 cases continue to spike in Texas. Cedar Fair and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 states and three countries.
Amusement parks have not bounced back from the pandemic as quickly as other entertainment industries and a tie-up between two huge players is expected to at least lower costs. Under the agreement announced Thursday, Cedar Fair unitholders will receive one share of common stock in the combined company for each unit owned, while Six Flags shareholders will receive 0.5800 shares of stock in the combined company for each share owned.
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.
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Cedar Fair and Six Flags will merge to create a playtime powerhouse in North AmericaCedar Fair and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries. The combined company will include 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico.
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Cedar Fair and Six Flags will merge to create a playtime powerhouse in North AmericaCedar Fair and Six Flags Entertainment Corp. are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries.
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Six Flags, Cedar Fair Strike Big Theme-Park MergerDeal will give combined company reach to fend off larger competitors
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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.
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