Six Flags Transformation with Travis Kelce
Travis Kelce, the Kansas City Chiefs tight end, is teaming up with activist investors to transform the embattled theme park operator Six Flags.
Kelce, alongside two corporate executives, has partnered with JANA Partners to purchase a combined stake of about 9% of Six Flags' shares, making them one of its largest shareholders.
"Couldn't pass up the opportunity to continue the tradition and make Cedar Point and Six Flags even more special for the next generation of families!"
JANA Partners is an activist investment firm that buys a substantial stake in a company's equity to push for operational and managerial changes.
Author's summary: Travis Kelce invests in Six Flags.
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