Six Flags Entertainment Corporation (NYSE:SIX) Files An 8-K Other Events
Item 8.01
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Other Events.
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Company) announced that it has entered into an agreement to
repurchase 5,060,628 shares of its common stock from H Partners
and affiliated funds at a price per share of $61.36, which
reflects a 2% discount from the closing price on that date. Prior
to the repurchase, H Partners was the Companys largest
stockholder and acquired its shares in the Company in 2010. This
repurchase from H Partners will occur as part of the Companys
previously announced share repurchase program. Including this
repurchase, the Company has repurchased $379 million of its
common stock in 2017, and more than $1.8 billion of its common
stock since beginning its share repurchase programs in February
2011. The Company has approximately $463 million remaining
available under its current share repurchase program. A copy of
the press release relating to the repurchase is filed as Exhibit
99.1 hereto.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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99.1
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Press Release of Six Flags Entertainment Corporation, dated
April 28, 2017 |
About Six Flags Entertainment Corporation (NYSE:SIX)
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land. Its parks are located in geographically diverse markets across North America. Its parks offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. Its parks offer approximately 830 rides, including over 130 roller coasters. The Company’s parks include Six Flags America, Six Flags Discovery Kingdom, Six Flags Fiesta Texas, Six Flags Great Adventure & Safari/ Six Flags Hurricane Harbor, Six Flags Great America, Six Flags St. Louis, Six Flags Magic Mountain/ Six Flags Hurricane Harbor, Six Flags Mexico and Six Flags New England. Six Flags Entertainment Corporation (NYSE:SIX) Recent Trading Information
Six Flags Entertainment Corporation (NYSE:SIX) closed its last trading session down -0.26 at 62.61 with 1,635,783 shares trading hands.