Six Flags Entertainment Corporation, the largest and most diverse amusement park operator in North America, has announced the successful completion of its merger with Cedar Fair, L.P. (formerly Six Flags Entertainment Corporation), effective July 1, 2024. Following the merger, the combined entity will operate under the name “Six Flags Entertainment Corporation.” Trading of Cedar Fair’s units and Former Six Flags’ common stock ceased on July 1, 2024, and starting July 2, 2024, shares of Six Flags Entertainment Corporation’s common stock will trade on the NYSE under the ticker symbol “FUN.”
Under the terms of the merger, Cedar Fair unitholders received one share of Six Flags Entertainment Corporation common stock for each unit owned, while Former Six Flags shareholders received 0.5800 shares of Six Flags Entertainment Corporation common stock for each share owned.
Richard Zimmerman, president and CEO of Six Flags Entertainment Corporation, commented, “Today marks a significant milestone for our company, shareholders, guests, and associates, unlocking higher value and greater opportunities to deliver engaging entertainment experiences. Our merger creates a new Six Flags Entertainment Corporation with a highly diversified footprint and robust operating model. This enhances park offerings and performance through a complementary portfolio of attractive assets and intellectual property from both Cedar Fair and Former Six Flags. The combined entity also strengthens our financial profile, leveraging strong cash flow to accelerate investments in our parks, delighting guests and driving increased demand and in-park spending.”
Selim Bassoul, executive chairman of the board of directors of Six Flags Entertainment Corporation, added, “By merging the best ideas and successful entertainment practices of both Six Flags and Cedar Fair, the new Six Flags is poised to deliver an unparalleled level of joy and excitement to regional park guests. We are enthusiastic about bringing together the Cedar Fair and Six Flags teams to capitalize on significant growth opportunities and operational efficiencies within our expanded entertainment portfolio.”
Each park within the combined company’s portfolio will retain its current branding, with no immediate plans to change park names.
