Author Topic: Six Flags in a bid to merge with Cedar Fair  (Read 481 times)

sdcfan88

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Six Flags in a bid to merge with Cedar Fair
« on: October 02, 2019, 10:57:07 PM »
A story is being reported that Six Flags Entertainment Corp. has approached Cedar Fair LP. with a merger offer, pursuing a combination that would unite two of the largest U.S. amusement park operators. The move shows how Six Flags, already the world’s largest regional theme park operator, wants to expand its footprint so it can increase ticketing pricing power, even as Chief Executive James Reid-Anderson is preparing to retire by the end of February.

While SDC and related properties obviously won't be affected, this to me sounds like terrible news for the general consumer and for theme park enthusiasts. For selfish reasons I'd rather have Hershend buy all or part of Cedar Fair's assets.

https://www.reuters.com/article/us-cedar-fair-m-a-sixflags-exclusive/exclusive-six-flags-in-bid-to-acquire-cedar-fair-sources-idUSKBN1WH1ZA

shavethewhales

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #1 on: October 03, 2019, 08:57:38 PM »
Yeah, it's hard to wrap me head around this one. Enthusiasts aren't good at truly understanding the business side of things. These are huge publicly traded companies, and the motivations for these kinds of M&A offers are often pretty complex. The people at the top are almost always out for a quick buck so they can move on and do their next thing.

Obviously few park enthusiasts want to see this happen. The benefits from having more parks on a single membership plan are probably outweighed by the massive loss of competition among the industry, leading to fewer and less interesting major new rides. No reason to build big expensive B&M hypers when you are only competing with yourself. SF is already playing it pretty tight with their pocketbook when it comes to new rides. The bottom line is all they care about.

Many have speculated that this is only an opening offer that may lead to a different final deal however. Perhaps CF will sell off some of their smaller properties. SF seems hungry to gobble up whatever they can get to spread their footprint again. They are even talking about building FEC's around the country.

sdcfan88

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #2 on: October 04, 2019, 07:03:41 PM »
Glad thats over. It died a quick death. The offer was rejected.

sirwillow

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #3 on: October 10, 2019, 03:32:07 PM »
Glad thats over. It died a quick death. The offer was rejected.

We hope it's over, but don't count it out yet.  It's very possible that was just an initial salvo in a line of negotiations.
This is a stick up!  Get it? Stick.... Nevermind, it's a train robbery.  I want everyone to get your hands up and act scared.

cowboy

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #4 on: October 10, 2019, 07:54:22 PM »
I remember when Premier parks was going to purchase SFOT, but then that fell through....

A few weeks later, it's announced they were purchasing the whole SF chain.

Jay

shavethewhales

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #5 on: October 14, 2019, 08:26:50 AM »
Yeah, I'm waiting for the other shoe to drop. They'll come back eventually with another offer more than likely.

I'd like for them to just scoop up a couple of the smaller parks and be happy with that. Leave the good CF parks alone!

Swoosh

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #6 on: October 15, 2019, 07:59:33 PM »
Yeah, I'm waiting for the other shoe to drop. They'll come back eventually with another offer more than likely.

I'd like for them to just scoop up a couple of the smaller parks and be happy with that. Leave the good CF parks alone!

The actual business sites that would know have stated that SF will NOT be making another additional offer.
And shame on you for wanting the smaller CF parks to be picked up by SF. 
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sirwillow

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #7 on: Today at 05:06:05 PM »
The actual business sites that would know have stated that SF will NOT be making another additional offer.
And shame on you for wanting the smaller CF parks to be picked up by SF. 

Shame on him?  Might actually be better for some of those parks the way CF has ignored them.  Worlds of Fun, Michigan Adventures and a couple of the others could really use some love.
This is a stick up!  Get it? Stick.... Nevermind, it's a train robbery.  I want everyone to get your hands up and act scared.

Swoosh

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #8 on: Today at 05:35:10 PM »
The actual business sites that would know have stated that SF will NOT be making another additional offer.
And shame on you for wanting the smaller CF parks to be picked up by SF. 

Shame on him?  Might actually be better for some of those parks the way CF has ignored them.  Worlds of Fun, Michigan Adventures and a couple of the others could really use some love.

Yeah no.  WOF hasn’t been ignored.  Please don’t speak on a topic you have little to no knowledge on.  WOF to SF would be a death blow to the park.   
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sdcfan88

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Re: Six Flags in a bid to merge with Cedar Fair
« Reply #9 on: Today at 08:34:23 PM »
^If WOF were to be sold off from Cedar Fair I would definitely rather have Hershend have it over Six Flags.