Massive merger could mean changes at Six Flags, Cedar Point

Transcript:

CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Change. Best the following’s what we’re staring at on TheStreet in the intervening time.

Shares comprehensive blended quicker than what’s going to be a busy week. Federal Reserve Chairman Jerome Powell testifies quicker than than Congress on Tuesday and Wednesday, clear inflation files are on the agenda for Thursday and Friday, and if that wasn’t adequate, the extremely banks will kick off 2nd-quarter earnings season later in the week.

In diversified news, Six Flags and Cedar Cheap have merged in an $Eight billion amusement park deal, hoping to emerge as improved opponents to Disney theme parks and In fashion Studios.

The newly fashioned Six Flags Leisure has forty two locations in 17 states, inclusive of basically the most water parks of any theme park operator in North The the U.S..

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In a press liberate marking the completion of the merger, the enterprise brought up, “Our better financial flexibility will enable us to put money into new rides, points of interest, meals and beverage alternate solutions, and slicing-element buyer applied sciences.”

Every have producer relationships that would electrical energy new guests. Six Flags has the rights to characters from the DC Comic Universe and Looney Tunes, while Cedar Cheap’s forged of characters encompass these from the Peanuts and Snoopy comic strips.

Roller coaster lovers are desirous to see how the merger impacts ticket expenditures. Six Flags, which has long struggled, raised expenditures in 2022 to $35.99 from a bit less than $29. Nonetheless on the flip area, Cedar Cheap dropped its admission charge closing year to Eighty bucks - its first charge cut to get back in fundamentally twenty years.

That’ll do it to your on everyday groundwork briefing. From the New York Stock Change, I’m Conway Gittens with TheStreet.

Critical: Disney has an stunning new theme park rival