The amusement park trade simply introduced a main deal that is positive to be greater than most rollercoaster drops.
Cedar Truthful and Six Flags Leisure agreed on a merger price an estimated $8 billion on Thursday that may tie collectively Six Flags’s iconic parks with these below the Cedar Truthful license, which embody in style locations comparable to Cedar Level in Ohio, Carowinds within the Carolinas (you may stand in each states on the similar time on park grounds), and Kings Dominion in Doswell, Virginia.
“The mixture of Six Flags and Cedar Truthful will redefine our company’ amusement park expertise as we mix the most effective of each firms,” stated Selim Bassoul, president and CEO of Six Flags, in a firm assertion.
The brand new deal will umbrella 27 amusement parks, 15 water parks, and 9 particular person resort proprieties in North America.
“Our merger with Six Flags will convey collectively two of North America’s iconic amusement park firms to ascertain a extremely diversified footprint and a extra strong working mannequin to reinforce park choices and efficiency,” stated Richard Zimmerman, president and CEO of Cedar Truthful. “Collectively, we could have an expanded and complementary portfolio of enticing belongings and mental property to ship partaking leisure experiences for company.
As each firms are publicly traded, it is estimated that Cedar Truthful shareholders will personal roughly 51.2% of all mixed firm shares whereas Six Flags shareholders will personal 48.8% of shares.
Every firm will retain its Mental property for related manufacturers and partnerships, comparable to DC Comics and Looney Tunes.
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