- Investment firm Jana Partners, which teamed up with Kansas City Chiefs tight end Travis Kelce to buy a 9 percent stake in Six Flags, is urging the theme park operator to explore a sale.
- Jana Partners called on the Six Flags board of directors to hire an investment bank immediately after disappointing second-quarter financial performance.
- Six Flags reported a net loss of $203 million in its second quarter, along with a 7 percent drop in park attendance, driving its stock down to nearly half of its yearly high.
- Six Flags responded to the request, saying it is committed to acting in the best interests of all shareholders and maximizing shareholder value.
- The embattled operator is also facing legal trouble after three visitors filed lawsuits alleging they suffered major brain injuries on a roller coaster at its California park.
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