Today, both Cedar Fair and Six Flags announced that they notified the New York Stock Exchange that the closing of the previously announced Cedar Fair and Six Flags merger is expected to occur on July 1, 2024. The completion of the mergers is subject to the satisfaction or waiver of a number of conditions set forth in the merger agreement relating to the mergers, including the satisfaction of regulatory conditions.
Additionally, the two companies announced the senior management team that will lead the combined company, operating under the name Six Flags Entertainment Corporation, following the completion of the merger.
Upon closing of the transaction, Richard Zimmerman, President and Chief Executive Officer of Cedar Fair, will serve as President and Chief Executive Officer of the combined company and Selim Bassoul, President and Chief Executive Officer of Six Flags, will serve as Executive Chairman of the combined company’s Board of Directors.
After completion of the mergers, the following leaders will report to Zimmerman in the new combined company, which will be headquartered in Charlotte, N.C. while maintaining “significant finance and administrative operations in Sandusky, Ohio.”
- Tim Fisher, Chief Operating Officer (currently in same position at Cedar Fair)
- Brian Witherow, Chief Financial Officer (currently in same position at Cedar Fair)
- Brian Nurse, Chief Legal & Compliance Officer, and Corporate Secretary (currently in same position at Cedar Fair)
- Christian Dieckmann, Chief Strategy Officer (currently in same position at Cedar Fair)
- Gary Mick, Chief Integration Officer (currently Executive Vice President and Chief Financial Officer at Six Flags)
“We are fortunate to have a proven team of leaders who bring decades of park operating experience and significant expertise in integrating businesses and achieving synergy targets for the combined company,” said Zimmerman. “Their insights and complementary skill sets will be instrumental as we combine two of North America’s iconic amusement park companies and forge a new future together.”
List of Cedar Fair (Blue) and Six Flags (Red) Properties. (Google Maps User: Evan G)
Until the Mergers are complete, Cedar Fair’s units and Six Flags’ common stock will continue to trade on the NYSE. Upon the closing of the Mergers, Cedar Fair’s units, which currently trade on the NYSE under the ticker symbol “FUN” and Six Flags’ common stock, which currently trade on the NYSE under the ticker symbol “SIX,” will cease to be listed on the NYSE following the closing of the Mergers and will each be deregistered under the Securities Exchange Act of 1934, as amended.
Immediately following the closing of the mergers, the combined company will be renamed “Six Flags Entertainment Corporation” and trading of the combined company’s common stock on the NYSE is expected to begin on the day following the Expected Closing Date, July 2, 2024, under the ticker symbol “FUN.”
Following the merger, the company will operate (27 amusement parks & 15 water parks) and nine resort properties across the U.S., Canada, and Mexico.
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