Cedar Point’s parent company -- Cedar Fair -- revealed Tuesday morning that their previously announced merger with Six Flags is expected to close on July 1.
“Immediately following the closing of the Mergers, the combined company will be renamed ‘Six Flags Entertainment Corporation’ and trading of the combined company’s common stock on the NYSE is expected to begin on the day following the Expected Closing Date, July 2, 2024, under the ticker symbol ‘FUN,’” according to a press release from Cedar Fair.
The combined company will be headquartered in Charlotte, North Carolina, and “will maintain significant finance and administrative options in Sandusky, Ohio.”
“Our merger with Six Flags will bring together two of North America’s iconic amusement park companies to establish a highly diversified footprint and a more robust operating model to enhance park offerings and performance,” Cedar Fair CEO Richard Zimmerman previously said when the merger news first surfaced last November. “Together, we will have an expanded and complementary portfolio of attractive assets and intellectual property to deliver engaging entertainment experiences for guests. The combination also creates an enhanced financial profile with strong cash flow generation to accelerate investments in our parks to delight our guests, driving increased levels of demand and in-park value and spending. I have great respect for the Six Flags team and look forward to joining forces as we embark on this next chapter together.”
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