US EditionTravis Kelce joins activist investor Jana Partners in push to revive Six Flags
- On Tuesday, Jana Partners announced it partnered with NFL star Travis Kelce, consumer executive Glenn Murphy and technology executive Dave Habiger to form a group holding roughly 9% of Six Flags Entertainment Corp., The Wall Street Journal first reported.
- The move comes as Six Flags Entertainment Corp. looks to reinvigorate attendance and profitability after leadership changes and a pandemic slump, while its stock is still down about 48% this year.
- Kelce framed his involvement as personal, saying `I am a lifelong Six Flags fan and grew up going to these parks with my family and friends`, while Jana said the group will engage the board to `enhance shareholder value and improve the guest experience`.
- Shares of Six Flags shot up more than 15% Tuesday following the news, and Scott Ostfeld, managing partner at Jana Partners, revealed the investment at the 13D Monitor Active-Passive Investor Summit.
- Kelce's celebrity status adds unusual attention, as his January 28, 2024 appearance with Taylor Swift, pop star and Kelce's fianc�e, highlights the investor push.
142 Articles
142 Articles
Travis Kelce Joins Group to Save Six Flags Amid Struggling Business | Just Jared: Celebrity News and Gossip
Travis Kelce is trying to save Six Flags. The 36-year-old NFL player is part of a group, including consumer executive Glenn Murphy, technology executive Dave Habiger and activist group Jana Partners, to try and save the struggling business, according to a new report. Keep reading to find out more… The group has “accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to press the company’s leadership on ways to imp…
Can Travis Kelce Save Six Flags?
Key PointsAn activist group led by Jana Partners and Travis Kelce has built up a 9% position in Six Flags, with plans to contest for change.The stock has lost roughly half its value since completing the merger of Six Flags and Cedar Fair. Current management has made a lot of mistakes, but winning a proxy battle doesn't mean investors are winning the war. 10 stocks we like better than Six Flags Entertainment › One of this year's roughest roller-c…
NFL star looks to turn around struggling amusement parks
Kansas City Chiefs star Travis Kelce is running a new play, joining an activist investor to push for changes at the financially struggling Charlotte-based amusement park company Six Flags Entertainment Corp.
Travis Kelce Invests in Six Flags in Bid to Revive Struggling Theme Park
Travis Kelce has entered the theme park business, something the NFL star calls a “full circle” moment. New York-based firm Jana Partners announced on Tuesday that it recruited Kelce and other investors to establish a nine percent stake in Six Flags Entertainment, per a press release. According to The Wall Street Journal, that figure translates to about $200 million, and the company saw shares jump approximately 18 percent following the news. …
Travis Kelce is building a business empire off the football pitch. Here's what the NFL tight end's been dabbling in.
Travis Kelce said on Instagram on Tuesday that he was partnering with hedge fund Jana Partners to invest in the Six Flags theme park brand.Jamie Squire via Getty ImagesKansas City Chiefs tight end Travis Kelce is a busy man.Kelce, 36, is engaged to Taylor Swift and is managing a growing portfolio of investments.Besides playing football, Kelce has opened a new restaurant and invested in Six Flags.Travis Kelce is busy on the football pitch, but th…
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