Six Flags sets deadline for bids

Posted Wednesday, October 19, 2005 10:51 AM | Contributed by Jeff

Amusement park operator Six Flags Inc. said on Tuesday it set an early-November deadline for potential suitors to submit initial takeover offers, with the aim of finding a buyer by year-end. Six Flags also urged investors to reject a proposal by stockholder Red Zone LLC to remove three directors from the company's seven-person board. Shareholders of record as of Sept. 24 may vote on the proposal.

Read more from Reuters.

Thursday, October 20, 2005 1:55 AM
Mr. Snyder might be the best thing to happen to this high potential business...
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Thursday, October 20, 2005 8:34 AM
^^You may be right as long as the company is sold to someone who is not him.

I don't think he understands how to run a chain as large as this one and make a profit. Bring in a group that can run a chain and I bet in 10 years they are totally out of debt and every park is thriving. Gone will be the days of the haves and have nots in the SF chain.

I'm hoping that this all works out for the best. It is in everyone's best interests.

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Monday, October 31, 2005 5:43 PM
honestly, I hope whoever buys them out changes the name.

Six Flags needs to go - so that gone will be those days and the tarnished name - hopefully the next group can start almost fresh and turn these circuses into amusement parks.

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