Posted Wednesday, August 19, 2009 11:57 AM | Contributed by Jeff
Former executives of bankrupt Six Flags have offered to manage the world's biggest regional theme park operator and said they could raise its value by up to $300 million. Both Jim Prager and Larry Cochran were part of Six Flags before it was acquired by Premier Parks Inc in 1998. Cochran said the offer was not a criticism of the current management, and he said the bankruptcy resulted from too much debt. He said he had not studied the proposed plan of reorganization.
Read more from Reuters.