Cedar Fair and Six Flags said today that the U.S. Justice Department has completed its review of their proposed merger for having unfair effects on competitors, clearing the way for closing the $2.2 billion transaction, as scheduled. The merger will bring another corporate headquarters to Charlotte. Sandusky, Ohio-based Cedar Fair (NYSE: FUN), which owns Charlotte theme park Carowinds, and Six Flags Entertainment Corp. (NYSE: SIX) in Arlington, Texas, plan to go ahead with their July 1 merger after satisfying remaining closing conditions. Upon closure, the combined company will be named Six Flags Entertainment Corp. and its stock will begin trading on the New York Stock Exchange the following day, July 2, under the
In early January, Cedar Fair said the Justice Department had made a second request for information about the merger, which had been scheduled to close in May. The department reviews some large mergers and acquisitions for their potential anticompetitive effects.
Cedar Fair Entertainment, which operates the Carowinds amusement park just south of Charlotte, and Six Flags Entertainment announced their "merger of equals" in November.
they don't have get a Approved from the Government...
?
Cedar Fair and Six Flags said today that the U.S. Justice Department has completed its review of their proposed merger for having unfair effects on competitors, clearing the way for closing the $2.2 billion transaction, as scheduled. The merger will bring another corporate headquarters to Charlotte.
Sandusky, Ohio-based Cedar Fair (NYSE: FUN), which owns Charlotte theme park Carowinds, and Six Flags Entertainment Corp. (NYSE: SIX) in Arlington, Texas, plan to go ahead with their July 1 merger after satisfying remaining closing conditions.
Upon closure, the combined company will be named Six Flags Entertainment Corp. and its stock will begin trading on the New York Stock Exchange the following day, July 2, under the
In early January, Cedar Fair said the Justice Department had made a second request for information about the merger, which had been scheduled to close in May. The department reviews some large mergers and acquisitions for their potential anticompetitive effects.
Cedar Fair Entertainment, which operates the Carowinds amusement park just south of Charlotte, and Six Flags Entertainment announced their "merger of equals" in November.