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Jana said Tuesday that the investor group now owns an economic
interest of approximately 9% in Six Flags. The group plans to
“engage” with Six Flags' management and board of directors to
discuss ways to enhance shareholder value and improve visitors'
experience.
Shares in the Charlotte, North Carolina-based Six Flags surged
17.7% on the news. The shares added another 5.1% gain in
after-hours trading. Even with Tuesday’s rally, the company’s
shares are down about 47% so far this year.
Six Flags reported a loss of $319.4 million for the first half
of the year. The company said attendance fell 9% in the three
months ended June 29, due partly to bad weather and a
“challenged consumer” in most of the markets it operates in.
The investor group also includes consumer executive Glenn Murphy
and technology executive Dave Habiger.
Kelce, tight end for the Kansas City Chiefs, said in a statement
that he grew up going to Six Flags amusement parks.
“The chance to help make Six Flags special for the next
generation is one I couldn’t pass up,” he said.
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