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Six Flags Shareholder Wallace Weitz Cuts Stake

April 11, 2006|From Bloomberg News

Six Flags Inc. investor Wallace Weitz cut his stake in the company to 1.6%.

Weitz now owns about 1.47 million shares in the Oklahoma City company, according to a Securities and Exchange Commission filing. Funds he controls had held a 10.6% stake in the world's second-largest theme park operator.

In September, Weitz said he was considering opening talks with management to boost the value of the company's shares.

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