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...The Reporting Persons were previously approached by certain holding company bondholders in Six Flags, Inc. concerning the hypothetical possibility of merging or combining the Issuer with Six Flags, Inc. It became apparent on March 19, 2010 that these holding company bondholders were likely going to control Six Flags, Inc. and, since then, there have not been any additional conversations with such bondholders. The Reporting Persons have also had conversations with the Issuer regarding the general status of the Six Flags, Inc. bankruptcy process, but no discussions have occurred with the Issuer concerning the combination of the two businesses.The Reporting Persons do not currently intend to engage in conversations about the possibility of a combination or merger between Six Flags, Inc. and the Issuer, and believe that any such conversations would be premature. The Reporting Persons prefer to remain free to trade in the securities of the Issuer. Should the Reporting Persons, in the future, engage in substantive conversations about such a combination, they would suspend further trading in securities of the issuer, if so advised by their counsel. Except as set forth in this Item 4, the Reporting Persons have no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act....
...Peter Crage, the chief financial officer, is to talk with the company's banks and lenders about "how we can improve our capital structure," she said. "We think the credit markets have improved. At this point in time we're focused on our capital structure and our 2010 operating season."Jeff Thomison, an analyst with Hilliard Lyons Inc., said it's possible the "poison pill" plan and the Six Flags discussions are related."But I've never entertained the idea that there could be some kind of transaction between Six Flags and Cedar Fair...[ellipsis in the original] Although they're both amusement park companies, those two companies are not similar in any other respect."...Cedar Fair now must figure out its next move, Mr. Hamann said. "I do think these guys do a good job of running the business," he said. "I'm just concerned about their balance sheet."
Topic: CEDAR FAIR TO BE SOLD? (Read 5615 times)
