November 7, 2023
The merger will make the new company a “leading amusement park operator in the highly competitive leisure space,” according to a release from Cedar Fair.
Indeed, the new combined company will be one of the largest in the theme park businesses in North America. Together, Cedar Fair and Six Flags currently control 27 amusement parks, 15 water parks, and nine resort properties in 17 states spread across the United States, and in Canada and Mexico.
Six Flags operates its flagship theme parks across the United States—including in Arlington, Texas; Valencia, California; and Jackson, New Jersey.
Under the terms of the merger agreement, Cedar Fair shareholders will own around 51.2% of the company and Six Flags shareholders will own around 48.8%. The combined company will also have various entertainment partnerships and the intellectual property rights to Looney Tunes, DC Comics, and Peanuts, to name a few.
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