Cedar Fair to merge with Six Flags in a $3.9bn deal.

Cedar Fair, an amusement park company, agreed to merge with Six Flags, an entertainment services company, in a $3.9bn deal. Under the terms of the merger agreement, Cedar Fair unitholders will own approximately 51.2%, and Six Flags shareholders will own approximately 48.8%, of the combined company, which will be valued at $8bn. “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. 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,” Richard Zimmerman, Cedar Fair President and CEO.