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NFL Owner's Firm Woos Six Flags Shareholders

IN BRIEF/THEME PARKS

November 09, 2005|From Reuters

Washington Redskins owner Daniel Snyder's Red Zone investment management company urged Six Flags Inc. shareholders to back its plan to replace the Six Flags chief executive and some board members.

The public battle between Snyder and Six Flags CEO Kieran Burke has been growing since August, when Red Zone announced plans to oppose three incumbents on the board. Snyder also said he intended to raise his stake in Six Flags to 34.9% from 11.7%. A week later, Six Flags said it was up for sale.

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