Accessibility StatementSkip Navigation SAN DIEGO, Nov. 17, 2025 /PRNewswire/ --Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (NYSE: FUN) common stock pursuant or traceable to the company's registration statement and prospectus issued in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation ("Legacy Six Flags") with Cedar Fair, L.P. ("Cedar Fair"), and their subsidiaries and affilia ...

Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation, alleging that the company and its executives misled investors regarding the financial health and operational needs of the company prior to its merger with Cedar Fair, L.P. [1][3] Summary by Sections Lawsuit Details - The lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and was filed in the Northern District of Ohio [1]. - Investors who purchased Six Flags stock in connection with the merger have until January 5, 2026, to seek lead plaintiff status [1]. Allegations Against Six Flags - The registration statement for the merger allegedly failed to disclose that Legacy Six Flags had chronic underinvestment and required significant additional capital to maintain its competitive position in the amusement park market [3]. - After becoming CEO in November 2021, Selim Bassoul reduced the employee headcount to cut costs, which negatively impacted operational competence and guest experience [3]. Stock Performance - On the merger closing date, July 1, 2024, Six Flags stock was trading above $55 per share, but it subsequently fell to as low as $20 per share, representing a decline of nearly 64% [4].

Core Viewpoint - Investors have until January 5, 2026, to file lead plaintiff applications in a securities class action lawsuit against Six Flags Entertainment Corporation related to the merger with Cedar Fair, L.P. [1] Summary by Sections Lawsuit Details - The lawsuit alleges that Six Flags and certain executives failed to disclose material information in the registration statement for the merger, violating federal securities laws [3][4]. - Specific claims include chronic underinvestment in Legacy Six Flags, aggressive cost-cutting measures that degraded operational competence, and undisclosed capital needs that undermined the merger rationale [4]. Stock Performance - On the merger closing date, July 1, 2024, Six Flags stock traded above $55 per share, but subsequently fell to as low as $20 per share, representing a nearly 64% decline [5]. ClaimsFiler Information - ClaimsFiler serves as a resource for retail investors to recover funds from securities class action settlements, offering free registration for access to information and case evaluations [6].

Six Flags Entertainment Corporation's (NYSE:FUN) stock has been on a long, steep descent, and under the lens of the Adhishthana Principles, its outlook doesn't promise much thrill ahead. Currently in Phase 17 of its 18-phase Adhishthana cycle, the company's trajectory suggests continued weakness as it nears the end of its structural cycle.Analysing Six Flags Stock's TriadsIn the Adhishthana framework, Phases 14, 15, and 16 together form the Guna Triads, a crucial period that determines whether a stock will ...

Core Insights - Company reported Q3 revenue of $1.32 billion, slightly below consensus estimate of $1.34 billion [1] - Q3 EPS included non-cash impairment charges of $1.5 billion related to goodwill and intangible assets, reflecting a significant increase from the $42 million charge recorded last year [1] - Attendance trends showed strong performance in July and August but moderated in September, impacting overall results [1] Financial Performance - The non-cash impairment charges do not affect cash flow, Adjusted EBITDA, or future park operations [1] - The impairment assessment was triggered by a change in performance versus expectations and a sustained lower share price [1] Strategic Focus - Company is shifting its strategy to invest ahead of attendance growth to enhance guest satisfaction across its portfolio [1] - There is a disciplined approach to capital allocation, prioritizing investments in high-return properties moving forward [1]

Company Overview - Six Flags Entertainment operates approximately 27 amusement parks, 15 water parks, and nine resort properties across 17 states in the U.S., Canada, and Mexico, providing memorable experiences with coasters, themed rides, and a portfolio of intellectual properties like Looney Tunes and DC Comics [1] Activist Involvement - Jana Partners, an activist investor with approximately 9% ownership, has partnered with notable figures to engage with Six Flags' board and management to enhance shareholder value and improve guest experience [2][3][8] - Jana's strategy includes addressing operational issues and exploring options such as monetizing real estate or selling the company [9] Recent Developments - In November 2023, Six Flags announced a merger with Cedar Fair, which was completed in July 2024, aiming to combine strengths and generate synergies [4] - The merger faced backlash from some investors, particularly due to operational challenges and a significant drop in share price, which fell over 58% post-merger completion [5] Operational Challenges - Six Flags has struggled with severe weather impacting attendance and EBITDA during peak seasons, exacerbating balance sheet issues [5][6] - The company has not effectively integrated consumer-facing technology, operating over 10 different apps, leading to unreliable transactions [10] - There is a need for a more disciplined capital expenditure framework and a reexamination of operating strategies during inclement weather [11] Future Opportunities - Jana believes Six Flags can leverage its real estate for year-round experiences, such as indoor skydiving and trampoline parks, to enhance revenue [12]

Core Insights - Activist investor Jana Partners has partnered with football star Travis Kelce to advocate for improvements in marketing and customer experiences at Six Flags Entertainment [1] - Jana Partners disclosed a 9% stake in Six Flags, indicating a significant investment interest [1] Company Initiatives - The collaboration aims to enhance the overall customer experience and marketing strategies of Six Flags [1] - The involvement of a high-profile figure like Travis Kelce is expected to draw attention and potentially influence changes within the company [1] Investment Context - The 9% stake held by Jana Partners reflects a strategic move to push for operational improvements and increased shareholder value at Six Flags [1]

Core Insights - Six Flags Entertainment (FUN) stock experienced a significant increase of up to 20% following the announcement that NFL star Travis Kelce joined Jana Partners' activist investor campaign aimed at driving change within the company [1][2] - Kelce and Jana Partners have acquired a 9% stake in Six Flags, valued at approximately $200 million, indicating strong investor interest and potential for strategic changes [1][4] Company Performance - Six Flags' stock has struggled throughout the year, with a decline of over 45% in 2025, attributed to unfavorable weather patterns, delays in new ride launches, and increased competition in the theme park sector [3] Investor Engagement - Jana Partners plans to engage with Six Flags' Board of Directors and management to explore opportunities for enhancing shareholder value and improving guest experiences [4] - This is not the first activist campaign by Jana Partners at Six Flags, as they previously held an 11% stake in 2006, demonstrating a history of involvement in the company's strategic direction [4] Celebrity Influence - Travis Kelce's involvement is notable not only due to his status as an NFL player but also because of his heightened celebrity profile from his relationship with pop star Taylor Swift, which may attract additional attention to the Six Flags brand [6]

Group 1 - Jana Partners has acquired a 9% stake in a theme-park operator, indicating a significant investment interest in the company [1] - The investment group includes notable figures, such as a tight end from the Kansas City Chiefs, highlighting the involvement of high-profile investors [1] Group 2 - The acquisition of the stake suggests potential strategic moves or changes within the theme-park operator, which could impact its future performance [1] - This investment may lead to increased scrutiny and potential influence on the company's management and operational decisions [1]

Core Viewpoint - Texas Capital initiated coverage on Six Flags Entertainment Corporation (SIX) with a Buy rating, indicating a positive outlook for the company following its merger with the two largest regional theme park operators [2]. Group 1: Company Overview - The merger between the two largest regional theme park operators has resulted in the formation of a combined entity, Six Flags Entertainment [2]. - Analyst Eric World highlighted the potential benefits of the merger for Six Flags, suggesting that it could enhance operational efficiencies and market positioning [2]. Group 2: Market Implications - The Buy rating from Texas Capital reflects confidence in Six Flags' ability to capitalize on the merger and improve its financial performance [2]. - The combined entity is expected to leverage synergies from the merger, potentially leading to increased revenue and profitability in the future [2].