- Published by
- Rides Zone
Six Flags Entertainment Corp has reportedly approached Cedar Fair LP in a bid to merge the companies. This would unite two of the biggest theme park operators in the US.
According to Reuters, Six Flags is looking to expand its footprint in order to increase ticketing pricing power.
The publication reports that Cedar Fair is considering Six Flags’ cash-and-stock offer, but notes that there’s no certainty a deal will be agreed on.
Following the report, Cedar Fair shares jumped up to 11.4 percent before paring gains. This gave the company a market capitalisation of approximately $3.36 billion.
Six Flags shares fell up to 5.3 percent before trimming losses. This gave Six Flags a market capitalisation of around $4.3 billion.