Six Flags Entertainment Corp. Completes Merger with Cedar Fair

The merger between Six Flags Entertainment Corp. and Cedar Fair has officially been completed, creating a powerhouse in the amusement park industry. The newly formed Six Flags Entertainment Corp. now operates 27 amusement parks, 15 water parks, and nine resort properties across the U.S., Canada, and Mexico.

According to a statement released by the company, the merger aims to combine the best practices of both companies to deliver an unparalleled level of joy and excitement to regional park guests. The new company will retain the branding of each park, with no name changes currently planned.

Shares of Six Flags Entertainment Corp. began trading on the New York Stock Exchange under the ticker symbol “FUN” on July 2. Cedar Fair stockholders will receive one share of common stock in the combined company for each unit owned, while Six Flags shareholders will receive 0.5800 shares of stock in the combined company for each share owned.

The new board of directors includes six members from Cedar Fair and six members from Six Flags, with both company boards unanimously approving the merger last year. Richard Zimmerman, the former president and CEO of Cedar Fair, now serves as the president and CEO of Six Flags Entertainment Corp.

Zimmerman expressed excitement about the merger, stating that it unlocks higher value and greater opportunities to deliver engaging entertainment experiences. The merger creates a highly diversified company with a robust operating model, enhancing park offerings and performance through a complementary portfolio of assets and intellectual property.

The completion of the merger marks a significant milestone for the company, shareholders, guests, and associates, setting the stage for a new era of entertainment experiences under the Six Flags Entertainment Corp. brand.