It's nice to see footage from my homepark Darien Lake which ironically isn't owned by Six Flags, but they operate/manage them, which makes me worried about the future of the park if Six Flags drops the lease on it, then who will EPR Properties choose for the next operator, this park has gone through enough owners/operators through the past few decades and has an identity crisis.
We visited in 2022 and had a good time, but it definitely felt like it was missing something. We noticed that the main entrance area with the fountain was very nice, but everywhere else felt like it was empty, or just a concrete jungle. I’m sure you know the park inside and out so we probably missed some charming parts.
@CoasterLegendYT I thought Hershend did a good job putting some of their vision in the park when they were there for a couple of seasons, they did Roudy's Ridge and the Boardwalk sections of the park
At the very least Predator is getting more Titan Track this season. Was confirmed in AmusementToday. They haven't announced how much yet but that coaster can turn into a banger real fast if they keep up. It is just airtime after airtime....problem being it got so rough and slow but that thing is going to fly if they keep adding Titan Track🤩🤩
The merger was originally planned to close in 1H24. Not sure where you’re getting this January date from. The deal is contingent on the Six Flags shareholders vote, as you noted, which isn’t scheduled until March 12.
I hope that they don't merge. Cedar Fair is a well-run company, and Six Flags is a mess. It also seems like a punishment to Sandusky, where Cedar Fair/Cedar Point has been headquartered for over 150 years.
THE MERGER IS NOT IN A TOUGH SPOT. 1)The DOJ request is standard, it means nothing negative as of now, though your literally the 1000th thoosie to make it more than it is. BTW, stop making stuff up. The time frame SF/Cf gave was by the end of first half of the year. First half of the year means up to end of June. The individual audits of some parks wasn't suppose to happen till April. The earliest this was ever going to close was May, in the best case scenario just based on the audit schedule. There is no economic impact as you falsely claim. 2)The companies are claiming it's a merger of equals, but the finances of the deal are actually structured as Cedar Fair acquiring Six Flags. Cedar Fair shareholders don't get to vote on acquisitions of other entities , they do if they were being acquired as the minority stake, like Six Flags, That's why SF shareholders get to vote. The deal was structured that way for 2 reasons, CF is the stronger company financially & there was little chance CF shareholders would have approved. CF is doing records financials post pandemic, they are doing massive stock buy backs, reinstated dividend, etc..In contrast SF has regressed to 2017/2018 financials, lost a massive amount of their pass base, etc... SF has done this while their peers Cedar Fair & SEAS are doing record financials in 2022/2023. 3)The CF shareholder also left out the fact if SF shareholders vote against the merger SF owes CF 63M. SF shareholder do get a $1 per share divide if the merger happens, However they are getting 0.58 shares of the combined entity for each SF chair. As of today CF shared are $41.96, SF $25.33... The deal at 0.58 per share would at last close value Sf shares at $24.34 though the current price is $25.33. The $1 special dividend really just covers that discrepancy. Of course when the deal was first announced the $1 dividend still put SF shareholders $2 under value on conversion. It could turn that way again, as CF Q1 will be likely far better than SF's & the stock prices could diverge more. 4) What are you talking about at 4:22 mark? The people that are complaining have no vote. So, the notion "the people that have to vote on it don't have the best opinion of it", is blatantly false. CF shareholders don't get to vote, the guy with 3% complaining & the 400 other shareholders he's suppose to have a meeting with. They really have no recourse as under corporate by laws they only get a vote if CF is being acquired. 5) NO THE CHANCES OF THE MERGER HAPPENING HAVE NOT GONE DOWN! 6)Having SF shareholders vote & not CF was a great idea. How you drew the opposite conclusion shows you don't know what you're talking about & read. Also, you clearly do not understand business & finance.
@@Fathed1 It's called facts, that seem to beyond you to comprehend. Hint, MBA finance from Booth...I know all about this. I read & understand the S-4 filing.
Food has gotten better at Cedar Point, but operations definitely have been on the decline under Zimmerman and probably even before. I don't get around much to the rest of the chain, but KI actually seemed better than CP operationally more recently. Zimmerman, Fisher, and CF's board are screwing over shareholders and park fans to enrich themselves. Unfortunately, I agree it will still go through.
If Cedar Fair and Six Flags aren't merging like what they say on the news, that means California's Great Coastline is not closing, they're saying that to fix it. F it, I'm calling it California's Great Coastline because it doesn't feel like an Journey through America themed theme park compare to Six Flags Great America near Chicago. So that means the news don't know what's going on between the amusement Parks
I prefer CF and it's less in debt, so I think the merger is a good thing and still think it'll happen. However: since there always were both pros and cons to this merger anyway: I'm not attached to any result. Thanks for posting, Coaster Legend! You're a much beloved coaster enthusiast.
You got that right. Absorbing Six Flags debt is stupid. Six flags has been in financial trouble for decades. Any company with too much debt is being poorly managed.
@@BigNate5404 That is irrelevant, however the park is likely safe. The parks that will be gone first, if any, will be terminating the lease deals with EPR. Those parks are low cost point, low Ebidta. lower margin than the other legacy parks like Great Escape & LaRonde. Cedar Fair management isn't into lease deals & they are the CEO and CFO
@@CoasterLegendYT "The shareholders who need to vote on the merger want to pull out." That's not at all the case, you clearly don't understand what's going on.. The person complaining is a Cedar Fair shareholder, they don't get a vote by corporate governance rules/bylaws. The deal was structured financially as CF acquiring SF & done that way purposely, though they are marketing it as a merger of equals, financially it's not. I have a MBA in finance from Booth, I could go into all the details as I actually read the 170+ pg S-4 SEC filing.
Nope, not what's happening. CF shareholders don't get a vote b/c they deal is structured financially as CF acquiring SF. IF CF was the minority stake(being acquired financially speaking) the shareholders would get to vote. FYI, if SF shareholders vote against the deal, SF owes CF 63M
I hope this merger falls apart. It's a bad idea from A to Z. Every time a big company merges with another big company it leads to higher prices and a crappier product. Consumers do not benefit from large mergers.
The alternative is both chains go bankrupt. Both companies have more debt than the value of their parks. The cost cutting from overlap in operations will save both companies.
They are not going bankrupt now but long term the writing is on the wall that major changes are needed to stay well financially. Just 2 parks Cedar point and Knotts Berry Farm account for half of Cedar Fairs net profit. California's Great America was sold off in 2022 to pay down debt. They could sell off more parks, cut the generous 3% dividend which would make the investors more angry, or merge. I believe merging would be the best option. They cannot do nothing and hope long term their financials get better. The shareholder announcement estimated savings of 120 million per year by combining operations. @@grobble8954
It better happen! It would be a huge blow to the meme economy for it to not happen.
It's nice to see footage from my homepark Darien Lake which ironically isn't owned by Six Flags, but they operate/manage them, which makes me worried about the future of the park if Six Flags drops the lease on it, then who will EPR Properties choose for the next operator, this park has gone through enough owners/operators through the past few decades and has an identity crisis.
We visited in 2022 and had a good time, but it definitely felt like it was missing something. We noticed that the main entrance area with the fountain was very nice, but everywhere else felt like it was empty, or just a concrete jungle. I’m sure you know the park inside and out so we probably missed some charming parts.
@CoasterLegendYT I thought Hershend did a good job putting some of their vision in the park when they were there for a couple of seasons, they did Roudy's Ridge and the Boardwalk sections of the park
At the very least Predator is getting more Titan Track this season. Was confirmed in AmusementToday. They haven't announced how much yet but that coaster can turn into a banger real fast if they keep up. It is just airtime after airtime....problem being it got so rough and slow but that thing is going to fly if they keep adding Titan Track🤩🤩
@@mattr3922 I think they're supposed to fix Big Kahuna too.
@@markvolpe2305 nice!!
The merger was originally planned to close in 1H24. Not sure where you’re getting this January date from. The deal is contingent on the Six Flags shareholders vote, as you noted, which isn’t scheduled until March 12.
1:00 "taking the Six Flags name" ?????
Hoping i misunderstood
I hope that they don't merge. Cedar Fair is a well-run company, and Six Flags is a mess. It also seems like a punishment to Sandusky, where Cedar Fair/Cedar Point has been headquartered for over 150 years.
THE MERGER IS NOT IN A TOUGH SPOT.
1)The DOJ request is standard, it means nothing negative as of now, though your literally the 1000th thoosie to make it more than it is. BTW, stop making stuff up. The time frame SF/Cf gave was by the end of first half of the year. First half of the year means up to end of June. The individual audits of some parks wasn't suppose to happen till April. The earliest this was ever going to close was May, in the best case scenario just based on the audit schedule. There is no economic impact as you falsely claim.
2)The companies are claiming it's a merger of equals, but the finances of the deal are actually structured as Cedar Fair acquiring Six Flags. Cedar Fair shareholders don't get to vote on acquisitions of other entities , they do if they were being acquired as the minority stake, like Six Flags, That's why SF shareholders get to vote. The deal was structured that way for 2 reasons, CF is the stronger company financially & there was little chance CF shareholders would have approved. CF is doing records financials post pandemic, they are doing massive stock buy backs, reinstated dividend, etc..In contrast SF has regressed to 2017/2018 financials, lost a massive amount of their pass base, etc... SF has done this while their peers Cedar Fair & SEAS are doing record financials in 2022/2023.
3)The CF shareholder also left out the fact if SF shareholders vote against the merger SF owes CF 63M. SF shareholder do get a $1 per share divide if the merger happens, However they are getting 0.58 shares of the combined entity for each SF chair. As of today CF shared are $41.96, SF $25.33... The deal at 0.58 per share would at last close value Sf shares at $24.34 though the current price is $25.33. The $1 special dividend really just covers that discrepancy. Of course when the deal was first announced the $1 dividend still put SF shareholders $2 under value on conversion. It could turn that way again, as CF Q1 will be likely far better than SF's & the stock prices could diverge more.
4) What are you talking about at 4:22 mark? The people that are complaining have no vote. So, the notion "the people that have to vote on it don't have the best opinion of it", is blatantly false. CF shareholders don't get to vote, the guy with 3% complaining & the 400 other shareholders he's suppose to have a meeting with. They really have no recourse as under corporate by laws they only get a vote if CF is being acquired.
5) NO THE CHANCES OF THE MERGER HAPPENING HAVE NOT GONE DOWN!
6)Having SF shareholders vote & not CF was a great idea. How you drew the opposite conclusion shows you don't know what you're talking about & read. Also, you clearly do not understand business & finance.
Take it to a publisher pal
@@Fathed1 It's called facts, that seem to beyond you to comprehend. Hint, MBA finance from Booth...I know all about this. I read & understand the S-4 filing.
@@grobble8954 🤓
@@grobble8954 ok boomer 😂
@@grobble8954respect. All that stuff sounds interesting to me.
*eta - very relieved the whole DOJ thing is normal.
Food has gotten better at Cedar Point, but operations definitely have been on the decline under Zimmerman and probably even before. I don't get around much to the rest of the chain, but KI actually seemed better than CP operationally more recently.
Zimmerman, Fisher, and CF's board are screwing over shareholders and park fans to enrich themselves.
Unfortunately, I agree it will still go through.
If Cedar Fair and Six Flags aren't merging like what they say on the news, that means California's Great Coastline is not closing, they're saying that to fix it. F it, I'm calling it California's Great Coastline because it doesn't feel like an Journey through America themed theme park compare to Six Flags Great America near Chicago. So that means the news don't know what's going on between the amusement Parks
I don't mind the merger it's the fanboying I can't stand.
Mabye over georgia will finally fix some of their stupid rules that you don't find at any other park
I prefer CF and it's less in debt, so I think the merger is a good thing and still think it'll happen. However: since there always were both pros and cons to this merger anyway: I'm not attached to any result. Thanks for posting, Coaster Legend! You're a much beloved coaster enthusiast.
You got that right. Absorbing Six Flags debt is stupid. Six flags has been in financial trouble for decades. Any company with too much debt is being poorly managed.
@@porcelainthunder2213 To be fair: they're both in debt, but Six Flags is in more debt than Cedar Fair is.
its happening
I would rather loose DC
I honestly think Zimmerman is doing good for Cedar Fair. But I sure hope we actually hear soon of whats going on about this.
Hope it does not occur. Most of there parks are not taking care of and very dirty 😢😢😢
merger? I barley even know her
Can you say anti-trust?
merger would be bad for the smaller six flags parks like my home park six flags st louis
I think ST Louis is safe only because it’s the last park that was built by Six Flags
@@BigNate5404 That is irrelevant, however the park is likely safe. The parks that will be gone first, if any, will be terminating the lease deals with EPR. Those parks are low cost point, low Ebidta. lower margin than the other legacy parks like Great Escape & LaRonde. Cedar Fair management isn't into lease deals & they are the CEO and CFO
So basically once Cedar Fair heard that Six Flags was getting the better end of the deal they attempted to pull out?
The shareholders who need to vote on the merger want to pull out. As of now the deal is still set to occur.
@@CoasterLegendYT "The shareholders who need to vote on the merger want to pull out." That's not at all the case, you clearly don't understand what's going on.. The person complaining is a Cedar Fair shareholder, they don't get a vote by corporate governance rules/bylaws. The deal was structured financially as CF acquiring SF & done that way purposely, though they are marketing it as a merger of equals, financially it's not. I have a MBA in finance from Booth, I could go into all the details as I actually read the 170+ pg S-4 SEC filing.
Nope, not what's happening. CF shareholders don't get a vote b/c they deal is structured financially as CF acquiring SF. IF CF was the minority stake(being acquired financially speaking) the shareholders would get to vote. FYI, if SF shareholders vote against the deal, SF owes CF 63M
Hmmm
What’s the coaster in the opening shot?
Wolverine wildcat @ Michigans Adventure
@@CoasterLegendYTunderrated. Nice shot
Someone almost always gets screwed in mergers. I think it's gonna happen. And in the long run, is best for both companies especially Six Flags.
I hope this merger falls apart. It's a bad idea from A to Z. Every time a big company merges with another big company it leads to higher prices and a crappier product. Consumers do not benefit from large mergers.
The alternative is both chains go bankrupt. Both companies have more debt than the value of their parks. The cost cutting from overlap in operations will save both companies.
@@kgard89 So if two companies that have debt merge, the debt magically goes away? Got it.
@@xygomorphic44did you read only half of his comment or something??
@@kgard89 They aren't going bankrupt. The fact you even brought that up means you don't understand their financials
They are not going bankrupt now but long term the writing is on the wall that major changes are needed to stay well financially. Just 2 parks Cedar point and Knotts Berry Farm account for half of Cedar Fairs net profit. California's Great America was sold off in 2022 to pay down debt. They could sell off more parks, cut the generous 3% dividend which would make the investors more angry, or merge. I believe merging would be the best option. They cannot do nothing and hope long term their financials get better. The shareholder announcement estimated savings of 120 million per year by combining operations. @@grobble8954
Hey, remember your reaction videos you posted during the golden age of your channel?😏 I loved what you did with your voice there.
He turned 13 or 14. I suggest you take sex ed.
NO MERGER !! Let Six Flags take care of their own problems. Cedar Fair and their stock holders are getting screwed !
fake opinion