Six Flags bondholders ask bankruptcy judge to end company's right to exclusive reorg plan
Posted December 1, 2009, 8:44P |
Contributed by Jeff
Bondholders of bankrupt Six Flags Inc have asked a judge to terminate the theme park operator's right to exclusively file a plan of reorganization, saying they have a better proposal. Holders of more than $500 million of Six Flags Inc notes have offered a competing plan that they say would pay creditors more than the company's offer.
Read more from Reuters, as well as a story with more details on the alternate plan.