New York CNN —Amusement parks Six Flags and Cedar Fair are merging in an $8 billion deal that creates a theme park powerhouse across North America.
Six Flags and Cedar Fair operate in different parts of the North America, so a combined company could help them better manage seasonal dips in park attendance.
In addition Cedar Point, its flagship theme park in Sandusky, Ohio, Cedar Fair owns Knott’s Berry Farm in California, Schlitterbahn water park in Texas and Canada’s Wonderland in Ontario.
Cedar Fair said the combined company will allow management to ramp up investments in the parks, which should help boost demand.
Cedar Fair (FUN) shareholders will get one share of stock of the newly combined company for each share owned, and Six Flags (SIX) shareholders will receive 0.58 shares for every share currently owned.
Persons:
It’s
Organizations:
New, New York CNN, Amusement, Fair, Cedar Fair, Six, Comcast, Universal Studios, Disney, Walt Disney World, Universal Orlando, Flags
Locations:
New York, North America, Canada, Mexico, Sandusky , Ohio, California, Texas, Ontario, SeaWorld, Florida