Six Flags & Cedar Fair Complete Merger In $8 Billion Deal, Creating Amusement Park Giant That Includes Knott’s & Magic Mountain – Updated
deadline.comUPDATED, 1:30 PM: The long-expected merger of theme park operators Cedar Fair and Six Flags finally has closed, creating what Six Flags called today “the largest and most diverse amusement park operator in North America.” The newly combined behemoth will operate under the Six Flags name and, appropriately, trade under the ticker symbol FUN.
The new Six Flags boasts an impressive portfolio of 42 parks stretching across the United States, Canada and Mexico, including Magic Mountain and Knott’s Berry Farm in Southern California.
As a result of the deal combining two companies that operate in different parts of North America, $120 million in cost savings is expected within two years of the closing of the all-stock deal.
Per Six Flags announcement: “Our enhanced financial flexibility will enable us to invest in new rides, attractions, food and beverage options, and state-of-the-art consumer technologies.
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