The amusement park trade simply introduced a significant deal that is positive to be larger than most rollercoaster drops.

Cedar Honest and Six Flags Leisure agreed on a merger value an estimated $8 billion on Thursday that may tie collectively Six Flags’s iconic parks with these underneath the Cedar Honest license, which embrace in style locations resembling Cedar Level in Ohio, Carowinds within the Carolinas (you possibly can stand in each states on the similar time on park grounds), and Kings Dominion in Doswell, Virginia.

“The mix of Six Flags and Cedar Honest will redefine our friends’ amusement park expertise as we mix the most effective of each corporations,” mentioned Selim Bassoul, president and CEO of Six Flags, in an organization assertion.

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The brand new deal will umbrella 27 amusement parks, 15 water parks, and 9 particular person resort proprieties in North America.

“Our merger with Six Flags will convey collectively two of North America’s iconic amusement park corporations to ascertain a extremely diversified footprint and a extra strong working mannequin to boost park choices and efficiency,” mentioned Richard Zimmerman, president and CEO of Cedar Honest. “Collectively, we could have an expanded and complementary portfolio of enticing belongings and mental property to ship partaking leisure experiences for friends.

As each corporations are publicly traded, it is estimated that Cedar Honest shareholders will personal roughly 51.2% of all mixed firm shares whereas Six Flags shareholders will personal 48.8% of shares.

Every firm will retain its Mental property for related manufacturers and partnerships, resembling DC Comics and Looney Tunes.

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