Six Flags Entertainment Corp. has offered to merge with Cedar Fair LP in a potential cash-and-stock deal that could create a $7.6 billion theme park company, Reuters reported Oct. 2, citing people familiar with the matter.
The potential move comes as Texas-based Six Flags reportedly plans to expand its footprint in a bid to boost ticket prices.
The sources told Reuters that although Cedar Fair is considering the offer, there is no certainty that a deal will be reached.
Six Flags declined to comment, while Cedar Fair did not immediately respond to a request for comment, Reuters said.
Six Flags' stock rose as much as 2.87% to $51.80 before closing down 2.27% to $50.35, while Cedar Fair's shares rose 11.44% to $64.86 before closing up 2.61% to $59.72.
