Cedar Fair completes acquisition of Paramount Parks

Posted Friday, June 30, 2006 9:44 PM | Contributed by Jeff

Cedar Fair, L.P. today announced that it has completed its acquisition of the Paramount Parks from CBS Corporation, in a cash transaction valued at approximately $1.24 billion. Cedar Fair will assume the complete operations and management of the parks immediately.

Read the press release from Cedar Fair.

Friday, June 30, 2006 10:56 PM
Well, that was surprisingly quick. How long do you all think it will be before honest changes can be seen from a guest's perspective?
Saturday, July 1, 2006 12:05 AM
Saturday, July 1, 2006 8:41 AM
ShiveringTim's avatar Well, they said the deal would be done in the third quarter. I didn't think they meant the first day of the third quarter :)

Saturday, July 1, 2006 11:49 AM
Cash transaction? LOL, I can picture some dark-lit room surrounded by large men guarding a suitcase while two men discuss "business."
Monday, July 3, 2006 9:41 AM
I wonder how the season passes in Ohio will be worked out next year? I have PKI and Knott's season passes for 2006 which can get me into three Ohio parks. Will there be a "Jumbo" pass for all three next year?

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