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0.000283848992336021 -0.00198694294635255 -0.00993471473176274 -0.011070110701107 -0.00312233891569683 0.00482543286971316 0.00136247516321302 -0.00482543286971336
Stock impact report

Jana Partners urges Six Flags Entertainment to sell -- report [Seeking Alpha]

Six Flags Entertainment Corporation New (FUN) 
Last six flags entertainment corporation new earnings: 11/6 04:00 am Check Earnings Report
Company Research Source: Seeking Alpha
end an era of mismanagement and suspend a 57% year-over-year decay in the stock price. "It is now in the best interest of shareholders for the company to ? reverse course and engage with known buyer interest in Six Flags," Jana Managing Partner Scott Ostfeld wrote in a letter viewed by Reuters to Six Flags' board. As the current board continues to display “an alarming pattern of dysfunction and disjointed decision-making,” Jana Partners now feels only a sale will salvage the remaining value of the company and halt a “vomit-inducing ride” for investors. The activist investor acquired a 9% stake in the amusement park operator in October in partnership with former Gap CEO Glenn Murphy and Kansas City Chiefs tight end Travis Kelce, both of whom were brought into the fold to revitalize the Six Flags' ( FUN ) brand and are considered potential board nominees. Jana cites several missteps by the board under the leadership of Marilyn Spiegel that could have calmed investors, including Show less Read more
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