Cedar Fair and Six Flags Merger Approved

By Tamara Parker • Wednesday, June 26 15:20 • Permanent Link

Cedar Fair, L.P. (NYSE: FUN) and Six Flags Entertainment Corporation (NYSE: SIX) have announced that the regulatory conditions for their proposed merger of equals have been satisfied, allowing the companies to proceed with the closing of the merger on July 1, 2024. Following the closing, the combined company will be renamed "Six Flags Entertainment Corporation" and will begin trading on the New York Stock Exchange under the ticker symbol "FUN" on July 2, 2024.

Six Flags President and CEO Selim Bassoul, who will serve as the executive chairman of the combined company's board of directors, expressed his excitement about the merger, emphasizing the companies' commitment to providing family-focused entertainment across North America.

Cedar Fair President and CEO Richard Zimmerman, who will retain his role in the combined company, highlighted the strengths that the merger brings, combining Cedar Fair's exceptional guest experiences with Six Flags' innovative attraction designs. He also mentioned that the combined company is anticipated to have a pro-forma enterprise value of approximately $8 billion, positioning it well for future growth.

The press release did not provide specific financial metrics or performance indicators for either Cedar Fair or Six Flags. As a result of these announcements, the company's shares have moved 4.0% on the market, and are now trading at a price of $51.2. For the full picture, make sure to review Cedar Fair, L.P.'s 8-K report.

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