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Six Flags Entertainment Corporation Inc. Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Six Flags Entertainment Corporation (“Six Flags” or the “Company”) (NYSE: SIX) in connection with its proposed merger with Cedar Fair (“Cedar Fair”) (NYSE: FUN).  Under the merger agreement, Six Flags shareholders will receive 0.58 shares (per share owned, “the Six Flags Exchange Ratio”) in a new company, resulting in Cedar Fair unitholders owning 51.2% and Six Flags shareholders owning 48.8% of the new company.  Additionally, Six Flags will pay $1.00 per outstanding Six Flags share as a special cash dividend, totaling approximately $85 million in the aggregate, plus another special dividend to Six Flags shareholders of record as of one business day prior to the close of the transaction, contingent on the closing of the transaction, equal to  the pro rata share under the Six Flags Exchange Ratio of the aggregate per unit distributions declared or paid to Cedar Fair unitholders with a record date following today’s date and prior to the close of the transaction.

Weiss Law is investigating whether (i) the Six Flags board acted in the best interests of Company stockholders in agreeing to the merger, (ii) the merger consideration adequately compensates Six Flags stockholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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