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NEWS
Cedar Fair and Six Flags merge – combined company will operate 51 theme parks and resorts
POSTED 02 Nov 2023 . BY Tom Walker
The new company will boast a portfolio that includes some of the most iconic parks in North America Credit: Six Flags
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging
The two regional operators will combine to form a new company with a significant foothold on the North and Central American market
It will have 27 theme parks, 15 water parks and nine resort properties across 17 US states, Canada and Mexico
Once the deal has been completed, the company will operate under the name Six Flags and will be headquartered in Charlotte, North Carolina
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging.

The two regional operators will combine to form a new company with a significant foothold on the North and Central American market, with 27 theme parks, 15 water parks and nine resort properties across 17 US states, Canada and Mexico.

The combined company will be valued at around US$8 billion, based on both companies’ debt and equity values as of 31 October 2023.

Once the deal has been completed, the company will operate under the name Six Flags and will be headquartered in Charlotte, North Carolina – with significant finance and administrative operations in Sandusky, Ohio.

Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, Cedar Fair unit holders will receive one share of common stock in the new combined company for each unit owned, and Six Flags shareholders will receive 0.5800 shares of common stock in the new combined company for each share owned.

This will result in Cedar Fair unitholders owning 51.2 per cent and Six Flags shareholders 48.8 per cent of the combined company’s fully diluted share capital.

According to Richard Zimmerman, president and CEO of Cedar Fair, the move will result in the new company having an expanded and diversified footprint, a more robust operating model and "a strong revenue and cash flow generation profile".

“Our merger with Six Flags will bring together two of North America’s iconic amusement park companies to establish a highly diversified footprint to enhance park offerings and performance,” Zimmerman said.

“Together, we will have an expanded and complementary portfolio of attractive assets and intellectual property to deliver engaging entertainment experiences for guests.

"The combination also creates an enhanced financial profile with strong cash flow generation to accelerate investments in our parks to delight our guests, driving increased levels of demand and in-park value and spending. I have great respect for the Six Flags team and look forward to joining forces as we embark on this next chapter together.”

The new company will boast a portfolio that includes some of the most iconic parks in North America.

It will also have entertainment partnerships and a portfolio of IP, such as Looney Tunes, DC Comics and Peanuts to develop new attractions.

Richard Zimmerman will serve as president and CEO of the combined company and Selim Bassoul, president and CEO of Six Flags, will serve as executive chair of the company’s board of directors.
RELATED STORIES
  Six Flags plans new haunted houses based on Hollywood IPs


Six Flags is launching two new haunted house experiences, inspired by iconic horror movies, The Conjuring and Saw X.
  Kings Island to add Adventure Port for 2023 Season


Kings Island theme park in Ohio, US, is adding a new area, called Adventure Port, for the 2023 season.
  Record results in 2019 for Cedar Fair after water park acquisitions


Cedar Fair has hailed its most successful ever year following the release of its financial results for 2019.
  Six Flags earns Certfied Autism Center status at all 26 destinations


Six Flags will become one of the first theme park chains to earn Certified Autism Center (CAC) status across all 26 of its locations.
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The Park Playground, has opened its first Immersive VR franchise in Porto, Portugal.
Bridgerton Season three – most Instagrammed locations
Following the release of season three Of Bridgerton, a study reveals its ten most Instagrammable filming locations.
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NEWS
Cedar Fair and Six Flags merge – combined company will operate 51 theme parks and resorts
POSTED 02 Nov 2023 . BY Tom Walker
The new company will boast a portfolio that includes some of the most iconic parks in North America Credit: Six Flags
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging
The two regional operators will combine to form a new company with a significant foothold on the North and Central American market
It will have 27 theme parks, 15 water parks and nine resort properties across 17 US states, Canada and Mexico
Once the deal has been completed, the company will operate under the name Six Flags and will be headquartered in Charlotte, North Carolina
Two iconic theme park operators, Cedar Fair and Six Flags, have confirmed they are merging.

The two regional operators will combine to form a new company with a significant foothold on the North and Central American market, with 27 theme parks, 15 water parks and nine resort properties across 17 US states, Canada and Mexico.

The combined company will be valued at around US$8 billion, based on both companies’ debt and equity values as of 31 October 2023.

Once the deal has been completed, the company will operate under the name Six Flags and will be headquartered in Charlotte, North Carolina – with significant finance and administrative operations in Sandusky, Ohio.

Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, Cedar Fair unit holders will receive one share of common stock in the new combined company for each unit owned, and Six Flags shareholders will receive 0.5800 shares of common stock in the new combined company for each share owned.

This will result in Cedar Fair unitholders owning 51.2 per cent and Six Flags shareholders 48.8 per cent of the combined company’s fully diluted share capital.

According to Richard Zimmerman, president and CEO of Cedar Fair, the move will result in the new company having an expanded and diversified footprint, a more robust operating model and "a strong revenue and cash flow generation profile".

“Our merger with Six Flags will bring together two of North America’s iconic amusement park companies to establish a highly diversified footprint to enhance park offerings and performance,” Zimmerman said.

“Together, we will have an expanded and complementary portfolio of attractive assets and intellectual property to deliver engaging entertainment experiences for guests.

"The combination also creates an enhanced financial profile with strong cash flow generation to accelerate investments in our parks to delight our guests, driving increased levels of demand and in-park value and spending. I have great respect for the Six Flags team and look forward to joining forces as we embark on this next chapter together.”

The new company will boast a portfolio that includes some of the most iconic parks in North America.

It will also have entertainment partnerships and a portfolio of IP, such as Looney Tunes, DC Comics and Peanuts to develop new attractions.

Richard Zimmerman will serve as president and CEO of the combined company and Selim Bassoul, president and CEO of Six Flags, will serve as executive chair of the company’s board of directors.
RELATED STORIES
Six Flags plans new haunted houses based on Hollywood IPs


Six Flags is launching two new haunted house experiences, inspired by iconic horror movies, The Conjuring and Saw X.
Kings Island to add Adventure Port for 2023 Season


Kings Island theme park in Ohio, US, is adding a new area, called Adventure Port, for the 2023 season.
Record results in 2019 for Cedar Fair after water park acquisitions


Cedar Fair has hailed its most successful ever year following the release of its financial results for 2019.
Six Flags earns Certfied Autism Center status at all 26 destinations


Six Flags will become one of the first theme park chains to earn Certified Autism Center (CAC) status across all 26 of its locations.
MORE NEWS
Excurio and The Muséum National d'Histoire Naturelle create evolutionary VR experience
Virtual reality creators Excurio has teamed up with experts from The Muséum National d'Histoire Naturelle to create Life Chronicles London, a free-roaming VR experience.
The Park Playground opens first immersive VR franchise in Porto
The Park Playground, has opened its first Immersive VR franchise in Porto, Portugal.
Bridgerton Season three – most Instagrammed locations
Following the release of season three Of Bridgerton, a study reveals its ten most Instagrammable filming locations.
Getty Museum refuses to surrender prized Greek bronze to Italy
The European Court of Human Rights has recognised Italy’s claim to a prized Greek antiquity.
Merlin unveils record-breaking Hyperia coaster at Thorpe Park
Merlin Entertainments has launched its new Hyperia rollercoaster at Thorpe Park to celebrate its 45th year.
Second Chaos Karts launches in Dubai
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COMPANY PROFILES
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

03-05 Sep 2024

ASEAN Patio Pool Spa Expo

IMPACT Exhibition Center, Bangkok, Thailand
03-08 Sep 2024

Spa Peeps International Corporate Cruise

Cruise London, Amsterdam, Zeebrugge, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
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