Six Flags, Cedar Fair To Merge, Diversify North American Theme Park Properties ...Middle East

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Cedar Fair Entertainment and Six Flags Entertainment, two of the world’s largest regional amusement park operators, are planning to merge in a deal that is expected to diversify and expand the combined company’s North American portfolio and reduce risks related to weather and seasonal volatility as well as save costs. The proposed merger will create an amusement park powerhouse with an enterprise value of $8 billion and a real estate portfolio that includes 42 parks and nine hotels and resorts across the United States, Canada and Mexico, according to a Thursday statement from the companies. The deal, which is expected to close during the first half of next year, is expected to reposition

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