Major Six Flags investor favors Red Zone, says wrong time to sell

Posted | Contributed by coasterguts

Diaco Investments LP, which holds a 9.8 percent stake Six Flags Inc., said in a regulatory filing on Wednesday that this is the wrong time to put the company up for sale. Diaco said it intends to grant its consent in favor of Red Zone LLC, an investment firm owned by Washington Redskins football team owner Daniel Snyder.