CHARLOTTE, N.C. β The $2.2 billion merger between Carowinds parent company Cedar Fair and Six Flags is about to face big challenges as the planned shareholder vote approaches next month. The results of next month’s vote, currently set for March 12th, could potentially derail the entire deal.
Shareholders will decide on whether or not to move forward with the merger agreement along with advisory approval of executive compensation related to the merger.
A passing vote means the merged entity will operate under CopperSeele HoldCo and branded as Six Flags Entertainment Corp, with Six Flgas and Cedar Fair stockholders owning 48.8% and 51.2 % of the shares.
The Department of Justice (DOJ), is heavily monitoring the merger and has requested additional information to assess the deal further, extending the regulatory review period.
Charlotte residence are keeping a close on the merger as the decision could significantly impact the local attraction that holds an important place as it straddles the North and South Carolina border
