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Six Flags CEO Mark Shapiro said that the company's problem was the declining attendance and cash flow created by his new management initiatives. [69] If not resolved, the company warned in its 2008 annual report [71] that the situation might require a Chapter 11 bankruptcy filing, with Six Flags already retaining counsel should that occur. [70]
Its TV commercials would count this as "no flags": Six Flags, which operates 20 amusement parks, filed for Chapter 11 bankruptcy Saturday. It's been one long downhill ride for the thriller, which ...
Six Flags Entertainment Corporation, often referred to simply as Six Flags, is an American amusement park corporation headquartered in Charlotte, North Carolina, United States. It was formed on July 2, 2024, following a merger between longtime rivals Cedar Fair and the former Six Flags company .
In June 2009, Six Flags announced that the company was delaying a $15 million debt payment and two weeks later, Six Flags filed for Chapter 11 bankruptcy protection. [28] As part of the reorganization, 92% of the company ended up in the hands of their lenders [ 29 ] with Snyder and Shapiro being removed from their positions.
Some of Six Flags' 42 theme parks throughout the U.S. could be closing, The Independent is reporting. On Wednesday, Six Flags Entertainment Corporation released its quarterly earnings report ...
Jefferies analyst David Katz initiated coverage on Six Flags Entertainment Corporation (NYSE:FUN) with a Buy rating and a price target of $59.00. The analyst writes that the merger of Six Flags ...
James Reid-Anderson (born 12 April 1959) [1] is a British businessman who was formerly the president, chairman, and chief executive officer (CEO) of Six Flags Entertainment Corporation. Before working for Six Flags, Anderson was previously a healthcare adviser to both Apollo and the managing board of Siemens AG. Under Reid-Anderson, Dade ...
Amusement parks Six Flags and Cedar Fair are merging in an $8 billion deal that creates a theme park powerhouse as consumers look to slow their spending.