Six Flags on Financial Roller Coaster
Mary Richard | March 14, 2009 at 09:00 amby
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Six Flags amusement park operators are the latest to feel our current economy.
Six Flags has hired the boutique investment bank Houlihan Lokey to advise it on restructuring and the law firm Paul Hastings to prepare for a potential bankruptcy filing.
Shares of Six Flags Inc. fell Friday on growing speculation that the theme park operator may be forced to file for Chapter 11 bankruptcy protection after the company said it could not meet a looming financing obligation.
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