08:46 AM EDT, 06/18/2024 (MT Newswires) -- Cedar Fair ( FUN ) and Six Flags Entertainment ( SIX ) said Tuesday they expect their merger to be completed on July 1, pending regulatory approvals and other conditions.

The entertainment facilities operating companies said the planned leadership team of the merged company includes Cedar Chief Executive Richard Zimmerman as president and CEO, Six Flags CEO Selim Bassoul as executive chairman, with Cedar Chief Operating Officer Tim Fisher and Chief Financial Officer Brian Witherow continuing to serve in the same roles. Six Flags CFO Gary Mick will serve as chief integration officer of the potential new entity.

Post-merger, Cedar Fair ( FUN ) and Six Flags will be delisted from the New York Stock Exchange, and the new combined entity, renamed Six Flags Entertainment Corp. ( SIX ), will trade under the ticker "FUN" starting July 2, the companies said.

Additionally, Six Flags declared a special dividend of $1.53 per share, payable July 1 to shareholders of record as of June 28, subject to the merger's completion.

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