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Six Flags Considers Sale of Company -- SFGate/AP, 2005-08-25 [Archive] - MousePad

View Full Version : Six Flags Considers Sale of Company -- SFGate/AP, 2005-08-25


DBJ
08-25-2005, 07:30 AM
The entire chain - 30 + parks.

"Six Flags Inc. on Thursday said its board of directors has unanimously decided to sell the company through an auction process, one week after a dissident shareholder offered to raise his stake in the amusement-park operator and replace its management."

But who has that much money to buy the entire chain? Disney does, but it's not exactly a great fit. Although if every Flags looked like DCA, it would be an improvement.

I'll be very interested to see who ultimately gains control.

Andrew
08-25-2005, 10:17 AM
Six Flags Considers Sale of Company (http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2005/08/25/financial/f072221D14.DTL&feed=rss.news) -- SFGate/AP, 2005-08-25
Six Flags Inc. on Thursday said its board has unanimously decided to put the company up for sale through an auction process, one week after Washington Redskins owner Dan Snyder bid to raise his stake in the amusement-park operator and oust Kieran Burke as chairman and CEO.

Shares of Six Flags, the world's second-largest theme-park operator behind Disney, rose 8.6 percent to $7.10 in early trading on the New York Stock Exchange. At that price, the company's market capitalization is roughly $661 million.


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