Six Flags gets extension to present restructuring plan

Posted Monday, February 22, 2010 11:39 AM | Contributed by Jeff

Six Flags will be the only group allowed to present a restructuring plan to the court until April 5, after which other groups can present their own plans, according to a lawyer for the company. Six Flags has said the extension means that it will be able to solicit votes ahead of its March 8 confirmation hearing, at which time the court will decide whether to give the plan the go-ahead, without the distraction of a competing plan.

Read more from Reuters.

Tuesday, February 23, 2010 10:26 AM

SF needs to just go belly up. They aren't really good at running parks, as this easily proves. How much restructuring can one company survive, and how many parks, can be closed, destroyed, etc before one company finds enough money to survive?

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Tuesday, February 23, 2010 11:51 AM

Have you been at all paying attention to Six Flags for the past five years?

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Tuesday, February 23, 2010 12:14 PM

fyrfyter said:
SF needs to just go belly up. They aren't really good at running parks, as this easily proves. How much restructuring can one company survive, and how many parks, can be closed, destroyed, etc before one company finds enough money to survive?

i couldn't disagree more

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