Six Flags and Cedar Fair Announce $8 Billion Merger to Create Top Theme Park Operator in North America

Merger promises to boost struggling theme park industry with a combined $3.5 billion company operating 42 parks starting 2024, and anticipates $120 million in cost savings within two years amidst pandemic-induced challenges.

Cedar Fair and Six Flags will merge to create a combined $8 billion company that will operate 42 parks across North America, which is anticipated to boost the struggling theme park industry.
The companies expect the merger to generate over $3 billion in revenue and achieve $120 million in cost savings within two years.
Once the merger is completed, Cedar Fair shareholders will own about 51.2% of the combined company, while Six Flags shareholders will own about 48.8%.
The combined company will keep its operations under the Six Flags name and trade under Cedar Fair's ticker symbol, FUN.
The merger is set to close in the first half of 2024, and it still needs approval from Six Flags shareholders.