Cedar Fair and Six Flags Agree to Merge into $8 Billion Company

In a joint press release, Cedar Fair (NYSE: FUN) and Six Flags Entertainment Corporation (NYSE: SIX) have announced a merger agreement to create a combined amusement park company. The company is valued at approximately $8 billion based on both companies’ debt and equity values as of October 31, 2023.

Here are the highlights for amusement park fans:

• The merger requires Six Flags shareholder approval, regulatory approvals, and satisfaction of customary closing conditions. The companies expect the merger to close in the first half of 2024.

• The combined company will use the name Six Flags and have 27 amusement parks, 15 water parks, and 9 resort properties across the United States, Canada, and Mexico. The combined IP includes Looney Tunes, DC Comics, and PEANUTS.

• Season pass holders will be offered expanded park access, along with an enhanced, combined loyalty program with additional perks.

• The merger is expected to improve the guest experience. “The companies expect to leverage Cedar Fair’s recent park investment experience to accelerate the transformation underway across Six Flags’ portfolio. Cedar Fair and Six Flags will seek to create a more engaging and immersive guest experience.”

• The company will be headquartered in Charlotte, North Carolina (home of Carowinds), and have “significant finance and administrative operations” in Sandusky, Ohio (home of Cedar Point).

For more details, including quotes from Cedar Fair and Six Flags executives, read the press release from November 2, 2023.