The amusement park trade simply introduced a main deal that is positive to be greater than most rollercoaster drops.
Cedar Honest and Six Flags Leisure agreed on a merger price an estimated $8 billion on Thursday that can tie collectively Six Flags’s iconic parks with these beneath the Cedar Honest license, which embrace well-liked locations corresponding to Cedar Level in Ohio, Carowinds within the Carolinas (you possibly can stand in each states on the similar time on park grounds), and Kings Dominion in Doswell, Virginia.
“The mixture of Six Flags and Cedar Honest will redefine our friends’ amusement park expertise as we mix one of the best 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 deliver collectively two of North America’s iconic amusement park firms to ascertain a extremely diversified footprint and a extra sturdy working mannequin to reinforce park choices and efficiency,” stated Richard Zimmerman, president and CEO of Cedar Honest. “Collectively, we could have an expanded and complementary portfolio of engaging property and mental property to ship partaking leisure experiences for friends.
As each firms are publicly traded, it is estimated that Cedar Honest 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, corresponding to DC Comics and Looney Tunes.
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