The Finch Formerly Known As Gold

23 November 2005

The next flag may be white

About 90 days ago, I mentioned that Washington Redskins owner Dan Snyder was planning a hostile takeover of Six Flags, Inc., the Oklahoma City-based theme-park operator.

Snyder apparently is going to go through with it; while his Red Zone LLC hasn't been amassing additional Six Flags stock, he's announced that he has secured 57 percent of the votes from shareholders for his slate of three board nominees. The new board would presumably then oust Chairman/CEO Kieran Burke and CFO James Dannhauser, after which former ESPN executive Mark Shapiro would replace Burke.

Six Flags had hoped to auction itself off in December, and is continuing to resist the Snyder plan. Shareholder votes will be in by the end of the year. I still believe that corporate headquarters will eventually be relocated, no matter who prevails in this struggle.

Posted at 11:35 AM to City Scene


Does this mean Frontier City gets whacked?

Oh, and I nominated you for "Best Blog" over at www.weblogawards.com

Much love!

Nixon.

Posted by: Nixon1971 at 12:42 PM on 23 November 2005

That should say www.weblogawards.org

Posted by: Nixon1971 at 12:42 PM on 23 November 2005

I don't think Frontier City is in any danger. Unfortunately, I don't think it's in any danger of being updated, either, unless the new regime spins it off to another operator.

Posted by: CGHill at 12:46 PM on 23 November 2005

All I care about is that Mister Six go about his business uninpeded.

Posted by: Mister Snitch! at 11:12 PM on 25 November 2005