Cedar Flags? Six Fair? Oh God.
The Sandusky Register is reporting that Apollo Management is looking to acquire the bankrupt, Six Flags. Yes, the Apollo Management that is looking to snatch up Cedar Fair. While nobody cared to comment (what else is new?) this could be a very interesting development.
Seeing that the management styles of the two parks are slightly different, would they merge management styles? Keep them separate? Choose one over the other? The odds are that nothing substantial would change, except that the Six Flags Magic Mountain vs. Cedar Point debate would get all the more interesting.
So while the style of management may remain the same, I think an interesting point to bring up is that if Apollo owns both of these companies, all capital investments will be funded from the same source. Not only that, but parks like Six Flags Discovery Kingdom at Great America in Northern California will now be competing for the same business. And if history is any sort of reminder, it would be a shame to see a Cedar Point/Geauga Lake situation come about again.
Nothing is confirmed, of course, but the speculation can be fun at times. So what do you think? Yay or nay? Six Fair or Cedar Flags? Vote in the poll, and comment on the potential merger of the amusement industry’s fiercest rivals!
(1 votes, average: 5.00 out of 5)
Loading ...
This is akin to rumors of the apocalypse.
Before a combination could occur, the sale to Apollo of Cedar Fair would need to be completed, and I sense that this is not going to happen. It was a bad deal for investors in the first place and only benefited Kinzel and now investors are bucking the self dealing move.
Such a combination might make some business sense at the right price for Cedar Fair itself, but its debt load after overpaying for Paramount would keep it from doing it and once this sham sale is off the books there is likely to be a change in management to digest.
In other words, such a combination is very unlikely.
I agree Barry, the deal is bogus, but I do believe that in the end it will go through. Perhaps we’ll see a new incarnation of the deal (one that isn’t completely useless to shareholders) and then it will be finished up. Either way, shareholders won’t be happy with Kinzel – but they can join the club.
Leave your response!
Tags
Pages
Categories
Coaster Blogs
Coaster Podcasts
Network
Sites
Archives
Most Commented
Most Viewed