Jana Partners wants Six Flags to sell

Posted | Contributed by Sharpel007

Activist investor Jana Partners wants theme park operator Six Flags Entertainment, opens new tab to ​explore a sale and immediately appoint a new head of its board of directors, according to a letter reviewed by ‌Reuters.

Read more from Reuters.

hambone's avatar

Wow is Managing Partner Scott Ostfeld straight out of central casting.

Sell to whom? Who is looking to buy with the private credit markets tight and economic indicators looking horrible.


2026 Trips: Universal Orlando, Dollywood, Cedar Point, Kings Island, Schlitterbahn New Braunfels, Six Flags Fiesta Texas, Sea World San Antonio, Sea World Orlando, Busch Gardens Williamsburg, Walt Disney World, Silver Dollar City

Possible that they didn't like who was chosen to replace Zimmerman and Basoul and now are trying this play to get who they wanted?


Watch the tram car please....

I don't think it's any more complicated than they're looking for short term financial gain.


We are down to one last CF board member… and the new Board Chair went along with Bossoul on much of the wreckage , so I understand the push there. Alot of the new board is better then it was a a year and did get Reilly.

Selling: They just sold parks, closed SFA and in middle of bids for it, and are winding down CGA. After jettisoning most of the leased parks, and the non core midwest. I don’t think there is really any meat on the bone left, that would not be hugely detrimental, it also looks like going to be crazy hot summer, on top of the 250th, and hopefully the new app and system integration means things are smoother,so things are looking good for a rebound.

Richard Haddrill now Six Flags board chairman. Board expanding to 11 members. When Jennifer Mason's term ends, the board will revert back to 10.

https://investors.sixflags....fault.aspx

I suspect any serious buyer would be looking to liquidate the company ASAP, selling off the most valuable real estate, and also the rides at firesale prices to any interested domestic or overseas parks.

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