April 7, 2010 |
Cedar Fair Entertainment Co., the amusement park owner whose properties include Knott's Berry Farm in Buena Park, on Tuesday called off its buyout deal with private equity firm Apollo Global Management after major shareholders objected. But Cedar Fair stock rose on speculation about other possible merger ideas. The Ohio company said it pulled out of the deal because the transaction lacked "the required level of investor support." The firm said it would take time to consider its "next steps."
November 10, 2007 |
Six Flags Inc., the second-largest U.S. theme-park operator, reported third-quarter profit and sales below analysts' estimates. Six Flags fell 44 cents, or 16%, to $2.25. Third-quarter profit dropped 46% as attendance fell on bad weather in Texas and Georgia in July, Six Flags said. The company was also hurt by bad publicity after a 13-year-old girl's feet were severed on a ride at its Kentucky park in June. Net income decreased to $89.7 million, or 61 cents a share, from $164.7 million, or $1.
January 12, 2007 |
Magic Mountain's corporate roller-coaster ride is over for now: The Valencia theme park is no longer for sale. Park owner Six Flags Inc. announced Thursday that it had sold seven of its 30 theme parks and water parks -- but not Magic Mountain, which local authorities feared would be sold as real estate. "It became abundantly clear to us that this is going to be a great season," Six Flags spokeswoman Wendy Goldberg said. "This is not the time to sell Magic Mountain."
July 24, 2011 |
Reporting from Six Flags Great Adventure in Jackson, New Jersey-- Six Flags Great Adventure in Jackson, N.J., has a long and winding roller coaster history that's filled with as many twists and turns as the amusement park's many record-breaking rides. Photos : Top 10 Six Flags Great Adventure roller coasters Great Adventure was a must-see on my road trip across America's coaster belt, in large part because of the park's three world-class rides: El Toro, Kingda Ka and Nitro.
June 14, 2009 |
The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt. Mark Shapiro, the New York-based company's chief executive, says the move won't affect the operation of its 20 theme parks in the U.S., Mexico and Canada. Its parks include Magic Mountain in Valencia, one of Southern California's largest theme parks.
August 19, 2011 |
Well, that didn't last long. Six Flags Magic Mountain will relinquish sole ownership of the coveted title of " Roller Coaster Capital of the World " later this year when the Valencia, Calif., amusement park removes one of its record-setting 18 coasters. Magic Mountain boasted of nabbing the coaster title when the Green Lantern: First Flight spinning coaster officially opened in July. The removal of Deja Vu will move Magic Mountain back into a statistical tie with Cedar Point in Ohio, which also has 17 coasters.
November 9, 2005 |
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.
December 2, 2005 |
Six Flags Inc., the world's second-largest theme-park operator, said Washington Redskins owner Daniel Snyder was elected nonexecutive chairman. The company also said it was continuing its previously announced sale process and expected final bids to be received by the middle of the month, Oklahoma City-based Six Flags said.
September 1, 2011 |
Six Flags unveiled its 2012 lineup of new roller coasters, thrill rides, water slides and live shows at the amusement park chain's 12 North American locations. > Photos: New attractions coming to Six Flags parks in 2012 New Six Flags President and Chief Executive Jim Reid-Anderson said a full slate of new additions would become an annual event, promising to add a new attraction at "every Six Flags park every year. " Six Flags ' 2012 attractions include two new roller coasters, two relocated coasters, three tower rides, three water slide complexes and at least one show.