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Stock impact report

Cedar Fair and Six Flags announce closing date for merger [Yahoo! Finance]

Cedar Fair, L.P. (FUN) 
Last cedar fair, l.p. earnings: 11/6 04:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The new combined company will be headquartered in Charlotte, near Cedar Fair-owned Carowinds. In a statement, executives announced they will operate under the Six Flags name but many leadership positions will remain with current Cedar Fair higher-ups. Cedar Fair CEO will retain his position in the combined company. Six Flags CEO will be the Executive Chairman of the new Board of Directors. Department of Justice officials approved the merger Wednesday morning. Lawyers with the DOJ spent months reviewing the business plan to ensure fair competition can still exist in the amusement park landscape. Cedar Fair executives said they plan to make upgrades, look into adding rides and improve food and beverages offered at parks. The company will own 27 amusement parks, 15 water parks and 9 resorts across the US, Canada and Mexico. Administrators said they will focus on maintaining each company's strengths – Cedar Fair's customer service and Six Flag's innovation. Representatives Show less Read more
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