Cedar Fair And Six Flags To Combine In Merger Of Equals; Combined Company With Pro Forma Enterprise Value Of $8B
Portfolio Pulse from Benzinga Newsdesk
Cedar Fair and Six Flags have announced a merger of equals, creating a combined company with a pro forma enterprise value of $8B. Cedar Fair unitholders will receive one share of common stock in the new company for each unit owned, while Six Flags shareholders will receive 0.5800 shares for each share owned.
November 02, 2023 | 10:15 am
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Cedar Fair unitholders will receive one share of common stock in the new combined company for each unit owned.
The merger will result in Cedar Fair unitholders receiving shares in the new combined company, which could potentially increase the value of their holdings.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Six Flags shareholders will receive 0.5800 shares of common stock in the new combined company for each share owned.
The merger will result in Six Flags shareholders receiving shares in the new combined company, which could potentially increase the value of their holdings.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100