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Hedge Fund

Six Flags names new chair as activist pushes for sale

hedgeweek

3 months ago

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Six Flags Entertainment has appointed Richard Haddrill as Executive Chairman, as activist investor Jana Partners steps up pressure on the theme park operator to explore a potential sale, according to a report by Reuters.
The leadership change follows a letter from Jana calling on the company to immediately install a new chair and engage with potential buyers. The hedge fund has raised concerns over the board’s ability to deliver value for shareholders after months of private discussions.
Marilyn...

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