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- SEC Filing
As previously announced, on November 2, 2023, Cedar Fair, L.P., a Delaware limited partnership ("Cedar Fair") entered into an Agreement and Plan of Merger (the "Merger Agreement" and the transactions contemplated thereby, the "Mergers") with Six Flags Entertainment Corporation, a Delaware corporation ("Six Flags"), CopperSteel HoldCo, Inc., a Delaware corporation and subsidiary of Cedar Fair and Six Flags ("HoldCo"), and CopperSteel Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of HoldCo.
On January 22, 2024, Cedar Fair and Six Flags each received a request for additional information and documentary materials (a "Second Request") from the Department of Justice (the "DOJ") in connection with the DOJ's review of the Mergers. The effect of a Second Request is to extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), until 30 days after each of Cedar Fair and Six Flags has substantially complied with the Second Request issued to it, unless that period is extended voluntarily by the parties or terminated earlier by the DOJ. Per the terms of the Merger Agreement, Cedar Fair and Six Flags will use their reasonable best efforts to certify substantial compliance with the Second Request on or before May 2, 2024.
Completion of the Mergers remains subject to the expiration or termination of the waiting period under the HSR Act and the satisfaction or waiver of the other closing conditions specified in the Merger Agreement. Cedar Fair and Six Flags continue to work constructively with the DOJ in its review of the Mergers and continue to expect that the Mergers will be completed in the first half of 2024, subject to the fulfillment of the closing conditions, including receipt of required regulatory approvals and approval of Six Flags' stockholders.
