Six Flags, Cedar Honest Merge in $8 Billion Amusement Park Deal

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The amusement park business simply introduced a primary deal that is certain to be larger than maximum rollercoaster drops.

Cedar Honest and Six Flags Leisure agreed on a merger value an estimated $8 billion on Thursday that may tie in combination Six Flags’s iconic parks with the ones beneath the Cedar Honest license, which come with widespread locations equivalent to Cedar Level in Ohio, Carowinds within the Carolinas (you’ll stand in each states on the similar time on park grounds), and Kings Dominion in Doswell, Virginia.

“The combo of Six Flags and Cedar Honest will redefine our visitors’ amusement park revel in as we mix the most productive of each corporations,” mentioned Selim Bassoul, president and CEO of Six Flags, in a corporate remark.

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The brand new deal will umbrella 27 amusement parks, 15 water parks, and 9 particular person lodge proprieties in North The usa.

“Our merger with Six Flags will carry in combination two of North The usa’s iconic amusement park corporations to determine a extremely various footprint and a extra tough running fashion to toughen park choices and function,” mentioned Richard Zimmerman, president and CEO of Cedar Honest. “In combination, we can have an expanded and complementary portfolio of horny property and highbrow belongings to ship attractive leisure reviews for visitors.

As each corporations are publicly traded, it is estimated that Cedar Honest shareholders will personal more or less 51.2% of all blended corporate stocks whilst Six Flags shareholders will personal 48.8% of stocks.

Each and every corporate will retain its Highbrow belongings for related manufacturers and partnerships, equivalent to DC Comics and Looney Tunes.

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