Cedar Fair Says “No” To Six Flags Merger

Following up on a story we brought to you last week, the parent company of Michigan’s Adventure and Cedar Point is rejecting a merger offer from Six Flags. The $4 billion offer had been made last week. Reuters reports Cedar Fair officials felt the $70 per share buyout offer was too low. Six Flags has 26 amusement parks in the United States, Canada, and Mexico, while Cedar Fair’s portfolio includes 11 amusement parks and five water parks in the U.S. and Canada. Both have parks within a two-hour drive of southwest Michigan, depending on traffic, with Six Flags’ Great America in the north Chicago suburbs and Cedar Fair’s Michigan’s Adventure in Muskegon County.

Photo from Michigan’s Adventure courtesy of 95.7 Y-Country’s Matt Malone.