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Finance: Snyder still aboard Six Flags

Posted at 10:43 PM EDT (0243 GMT)

Apr. 26th, 2005 -- Last August, Dan Snyder, owner of the Washington Redskins football team, purchased 8.75 percent of Six Flags' stock, making him the company's third-largest shareholder. In January, however, Snyder indicated his disaproval with the company's management and planned to sell his shares. Last week Snyder disclosed that he still owns all of his Six Flags stock and has big plans for improving the company.

Snyder has disclosed an interest in either getting Six Flags to merge with another company or launching a takeover effort of the amusement park operator. In a filing with the Securities and Exchange Commission, Snyder says he is interested in discussing these plans and others with Six Flags shareholders.

See the Star-Telegram for more.

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Comments
cannonballer

Joined: Jun 2004
Posts: 1374

View Park/Ride Count
Takeovers are fun!

4/27/2005 7:31 AM
coasterlove

Joined: May 2001
Posts: 6481

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For someone who owns less than 1/10 of the shares of the company, he really thinks he's the one in charge of it. He's only the third largest shareholder, so why he thinks he has so much say in it. If he's not happy, just sell off the stock. Does he really think badmouthing them publicly is going to help them?

4/28/2005 2:11 AM
5150

Joined: Jul 2004
Posts: 364

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Welcome to the world of Dan Snyder. It's the same way he runs his other business. (Don't give me crap about it being the most financially sound football team in the league...he ran that team's rep into the ground.)

4/29/2005 2:23 AM


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