Six Flags Entertainment (SIX) Reports Buyback on 5M Shares from H Partners & Affiliated Funds at $61.36/Sh

April 28, 2017 5:14 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company, today announced it has entered into an agreement to repurchase 5,060,628 shares of its common stock from H Partners and affiliated funds at a price per share of $61.36, which reflects a 2% discount from today’s closing price. Prior to the repurchase, H Partners was the Company’s largest stockholder and acquired its shares in the Company in 2010. This repurchase from H Partners will occur as part of the Company’s previously announced share repurchase program. Including this repurchase, the Company has repurchased $379 million of its common stock in 2017, and more than $1.8 billion of its common stock since beginning its share repurchase programs in February 2011. The Company has approximately $463 million remaining available under its current share repurchase program.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Hedge Funds, Stock Buybacks

Related Entities

Stock Buyback