Six Flags Amends Cooperation Agreement with H Partners
November 10 2022 - 7:02AM
Business Wire
Six Flags Entertainment Corporation (NYSE: SIX), the world’s
largest regional theme park company and the largest operator of
waterparks in North America, today announced that the company and H
Partners agreed to amend their existing Cooperation Agreement to
permit H Partners to increase its beneficial ownership of Six Flags
common stock to 19.9%, up from a cap of 14.9% in the original
agreement.
“H Partners has been a constructive and important partner to the
company. We are pleased they continue to recognize the value
potential of Six Flags and the progress management is making for
our shareholders,” said Ben Baldanza, Non-Executive Chairman of the
Board.
“We are excited about the company’s strategy to deliver an
exceptional guest experience and to drive sustainable, long-term
earnings growth,” said Arik Ruchim, a Partner at H Partners and
director on the Six Flags Board. “We believe that meaningful change
takes time to implement, and we are encouraged by the early signs
of progress on this ambitious journey.”
About Six Flags Entertainment
Corporation
Six Flags Entertainment Corporation is the world’s largest
regional theme park company with 27 parks across the United States,
Mexico and Canada. For 61 years, Six Flags has entertained hundreds
of millions of guests with world-class coasters, themed rides,
thrilling waterparks and unique attractions. Six Flags is committed
to creating an inclusive environment that fully embraces the
diversity of our team members and guests. For more information,
visit www.sixflags.com.
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