Six flags is using what is called a "poison pill" strategy in attempt to prevent a hostile takeover of the amusement park company. Technically called a "Stockholder Rights Plan," the strategy allows shareholders to buy more shares of the company at a discount if any one shareholder acquires more than 10 percent ownership of the company. The idea is to dilute the value of the hostile shareholder's stake in the company, making it more expensive for them to take over the company without the current board of directors' approval.
Both Cedar Fair and SeaWorld also have market caps lower than Six Flags at this point, so none of the top three independent theme park companies in the United States is enjoying a great financial position right now by making it more difficult for other companies to buy so many shares to take over.
You can read the whole article here... Six Flags Looks to Prevent a Hostile Takeover
Despite losing millions and millions of dollars because of the coronavirus pandemic, The company is still looking to grow by buying more property to the West of the Magic Kingdom for reasons they are being secretive about right now. I think they will be using that property to make a Marvel Comics themed park but we will just have to wait until something gets announced before any of us know for sure. This is the second land purchase in that area by Disney World.
Disney Purchases More Land Near Magic Kingdom.
I actually remember being there once years ago when they were doing the tastes great deal, Mr. Roberts. Inappropriate to say the least, as they had a lot of kids on the ride at the time. I seriously do not like stuff like that.