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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."
Six Flags Entertainment Corporation is now the "largest" theme park operator in North America following its merger with Cedar Fair Entertainment Company.
SANDUSKY, Ohio & ARLINGTON, Texas--(BUSINESS WIRE)--CEDAR FAIR AND SIX FLAGS ANNOUNCE THE SATISFACTION OF REGULATORY CONDITIONS FOR THE PROPOSED MERGER OF EQUALS.
SANDUSKY, Ohio & ARLINGTON, Texas--(BUSINESS WIRE)--Cedar Fair, L.P. (NYSE: FUN) (“Cedar Fair”) and Six Flags Entertainment Corporation (NYSE: SIX) (“Six Flags”) today announced that the regulatory conditions for their previously announced merger of equals (the “Mergers”) have been satisfied, permitting the companies to proceed with the closing of the Mergers (the “Closing”). The parties expect Closing to occur on July 1, 2024, following the satisfaction of remaining customary closing condition.
Cedar Fair (FUN) and Six Flags (SIX) expect a merger to be complete by July 1st. The combined company will be named Six Flags Entertainment Corp. and will trade under the tickers “FUN” starting on July 2nd.
SANDUSKY, Ohio & ARLINGTON, Texas--(BUSINESS WIRE)--CEDAR FAIR AND SIX FLAGS ANNOUNCE ANTICIPATED CLOSING DATE OF THE MERGERS AND SIX FLAGS' RELATED SPECIAL DIVIDEND.
SANDUSKY, Ohio & ARLINGTON, Texas--(BUSINESS WIRE)--Cedar Fair, L.P. (NYSE: FUN) (“Cedar Fair”) and Six Flags Entertainment Corporation (NYSE: SIX) (“Six Flags”), today announced that they notified the New York Stock Exchange (“NYSE”) that the closing of Cedar Fair and Six Flags' previously announced merger of equals (the “Mergers”) is expected to occur on July 1, 2024 (the “Expected Closing Date”). The completion of the Mergers is subject to the satisfaction or waiver of a number of conditions.
Cedar Fair (FUN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
The headline numbers for Cedar Fair (FUN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Evaluate the expected performance of Cedar Fair (FUN) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.