Cedar Fair (FUN.N) and Six Flags Entertainment (SIX.N) on Thursday agreed to merge to spur a post-pandemic recovery that smaller U.S. amusement park operators have been chasing as leisure spending remains low amid an uncertain economic outlook.
People ride a roller coaster at Six Flags Magic Mountain amusement park on the first day of opening, as the coronavirus disease continues, in Valencia, California, U.S., April 1, 2021. REUTERS/Lucy Nicholsonon Thursday agreed to merge to spur a post-pandemic recovery that smaller U.S. amusement park operators have been chasing as leisure spending remains low amid an uncertain economic outlook.
The deal will help with "a strong revenue and cash flow generation profile" amid competition from rivals like SeaWorld Entertainment Macquarie analyst Paul Golding said the deal would be "beneficial to shore up ... regional access and pricing arena, potentially leaving only SEAS and the more expensive destination parks outside of a new network".Under the terms of the deal, each Six Flags share will be worth 0.58 shares of the combined company, which values Six Flags at about $2 billion.
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Six Flags and Cedar Fair to merge into an $8 billion theme park giantRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
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Cedar Fair, Six Flags merge to spur post-pandemic recovery in theme parksCedar Fair, Six Flags merge to spur post-pandemic recovery in theme parks
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Cedar Fair & Six Flags To Merge, Creating Theme Park GiantIn what is described as a “merger of equals”, theme park operators Cedar Fair and Six Flags, are joining forces in an $8 billion deal, the companies announced Thursday. The combined com…
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Six Flags, Cedar Fair to merge into billion-dollar amusement companyIt will also have entertainment partnerships and a portfolio of intellectual property including Looney Tunes, DC Comics and Peanuts.
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Cedar Fair and Six Flags will merge to create a playtime powerhouse in North AmericaThe combined company, worth more than $3.5 billion, will boast 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico.
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Cedar Fair and Six Flags will merge to create a playtime powerhouse in North AmericaCedar Fair and Six Flags are merging to create an expansive amusement park operator with operations spread across 17 U.S. states and three countries.
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