Six Flags merges with Cedar Fair to become largest amusement park operator in North America [FOX Business Network]
Six Flags Entertainment Corporation New (SIX)
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Source: FOX Business Network
Six Flags Entertainment Corporation says its merger with Cedar Fair Entertainment Company has now formed the "largest" amusement park operator in North America, with a new combined portfolio of 42 parks across the U.S., Canada and Mexico. The merger, which was completed Monday, puts the estimated value of the company at $8 billion and "brings together the strengths of both companies, combining Cedar Fair's reputation for delivering exceptional guest experiences with Six Flags' innovative ride and attraction designs," according to a statement from Six Flags Entertainment Corporation. "Our enhanced financial flexibility will enable us to invest in new rides, attractions, food and beverage options, and state-of-the-art consumer technologies," it added. "These investments are designed to grow attendance, increase per capita spending and enhance profitability, ensuring that each visit to our parks is more exciting and memorable than the last." Cedar Fair, prior to the merger, said i
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News
- Carowinds under new ownership with closing of merger [Yahoo! Finance]Yahoo! Finance
- Six Flags Entertainment Co. (NYSE: SIX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Cedar Fair officially merges with Six Flags [Yahoo! Finance]Yahoo! Finance
- Six Flags and Knott's Berry Farm Owner Cedar Fair Complete Merger, Creating Theme Park Behemoth [Yahoo! Finance]Yahoo! Finance
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