NEW YORK, April 9 /PRNewswire-FirstCall/ -- Six Flags, Inc. (NYSE: SIX)
announced today that it has completed the previously announced sale of
three of its water parks and four of its theme parks to Parc 7F-Operations
Corporation ("PARC") of Jacksonville, FL for $312 million, consisting of
$275 million in cash and a note receivable for $37 million.
The seven parks are: Six Flags Darien Lake in Buffalo, NY; Six Flags
Elitch Gardens in Denver, CO; Frontier City and the White Water Bay water
park in Oklahoma City, OK; SplashTown in Houston, TX; Waterworld USA in
Concord, CA; and Wild Waves and Enchanted Village in Seattle, WA.
The Company noted that obligations with respect to 2007 season passes
and any committed park events, including group bookings and the previously
announced Dream Nite promotion, will continue to be fulfilled under the new
Six Flags, Inc. is the world's largest regional theme park company.
Founded in 1961, Six Flags celebrated its 45th anniversary in 2006. Six
Flags, Inc. is a publicly-traded corporation (NYSE: SIX) headquartered in
New York City.
*I cut out all of the financial jargon at the end.
Well, at least its some news. But I'm still waiting for some word from this "PARC" company or whatever...