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US: Six Flags in bid to merge with Cedar Fair?

 |  October 3, 2019

Six Flags has approached Cedar Fair with a merger offer, pursuing a combination that would unite two of the largest US amusement park operators, people familiar with the matter said on Wednesday, October 2.

The move shows how Six Flags—already the world’s largest regional theme park operator—wants to expand its footprint so it can increase ticketing pricing power, even as Chief Executive James Reid-Anderson is preparing to retire by the end of February.

Cedar Fair is considering Six Flags’ cash-and-stock offer, and there is no certainty a deal will be reached, the sources said. Details of the offer could not be learned.

Based in Grand Prairie, Texas, Six Flags has 26 parks across the United States, Mexico, and Canada. Headquartered in Sandusky, Ohio, Cedar Fair owns and operates 11 amusement parks, four outdoor water parks, and an indoor water park in several US states and in Toronto, Ontario.

Full Content: Reuters

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