The merger of regional theme park chains Six Flags and Cedar Fair cleared another hurdle late Tuesday, as Six Flags shareholders overwhelmingly voted to support the combination. 

As announced in a U.S. Securities and Exchange Commission filing, shareholders for 67.7 million shares of Six Flags stock were able to vote at a special meeting held on Jan. 24. The “yes” votes represented 67.4 million shares, with the “no” votes accounting for only 195,000 shares. Votes for 158,000 shareholders abstained. 

The merger is still being reviewed by the U.S. Department of Justice, which requested more information on the deal shortly before the Six Flags shareholders vote. Cedar Fair and Six Flags have since said that they still expect the merger to close within the first half of the year. 

Shareholders of Cedar Fair, however, won’t get the chance to vote on the deal. As reported by fact-checking website Verify, that’s because the deal is structured to give Cedar Fair shareholders more than 51 percent control of the combined company.

Neuberger Berman Investment Advisers, a New York firm which owns about 3 percent of Cedar Fair, has publicly bashed the proposed merger for reasons which include the lack of shareholder approval on Cedar Fair’s side and the lack of a so-called “walk away” clause to allow Cedar Fair to back out. Other notable objectors, according to the Cleveland Plain-Dealer, include Brett Kinzel, son of longtime Cedar Fair CEO Dick Kinzel. 

If the transaction closes as planned in the first half of 2024, the combined company — which would keep the Six Flags name — would encompass 27 amusement parks. Cedar Fair CEO Richard Zimmerman would become CEO of the new Six Flags and current Six Flags CEO Selim Bassoul would be executive chairman of the board of directors. The new company would also shift its headquarters to Charlotte, North Carolina.