JANA PARTNERS APPLAUDS SIX FLAGS' CEO HIRE AND PROVIDES UPDATE ON INVESTOR GROUP
Rhea-AI Summary
JANA Partners said it and partners own approximately 9% economic interest in Six Flags Entertainment (NYSE: FUN) and applauded the hiring of John Reilly as President & CEO on Nov 24, 2025. The statement also announced that Glenn Murphy has de-grouped from the JANA-led investor group to advance discussions with Six Flags about a potential senior leadership role with the board. It reiterated that Dave Habiger remains de-grouped to pursue a separate, complementary opportunity involving the company.
Positive
- John Reilly hired as President & CEO (Nov 24, 2025)
- JANA-led group holds approximately 9% economic interest in FUN
Negative
- Glenn Murphy de-grouped from JANA-led investor group
- Dave Habiger remains de-grouped from JANA-led investor group
News Market Reaction
On the day this news was published, FUN gained 7.36%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
As previously disclosed, Dave Habiger remains de-grouped from the JANA-led investor group to enable him to pursue a complementary, but separate, opportunity involving the Company.
About JANA Partners
JANA Partners was founded in 2001 by Barry Rosenstein. JANA invests in undervalued public companies and engages with management teams and boards to unlock value for shareholders.
Press Contacts
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
JANA@Gasthalter.com
(212) 257-4170
Disclaimer
This press release and the opinions herein are for general information only, and are not intended to be, nor should they be construed as, an offer to sell or a solicitation of an offer to buy any security, a recommendation to purchase or sell any security, or legal, financial, tax, investment, or other advice. Funds managed by JANA currently beneficially own and have other economic interests in shares of the Company. Travis Kelce has a financial interest in certain of the Company's securities, including, but not limited to, investments relating to the Company in such funds managed by JANA. These funds are in the business of trading (i.e., buying and selling) securities and intend to continue trading in the securities of the Company. You should assume such funds, as well as other funds in which Travis Kelce has a financial interest, may from time to time sell all or a portion of their respective holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares, subject to applicable law. Consequently, JANA's or Travis Kelce's beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to their respective views of the Company's business, prospects, or valuation (including the market price of the Company's shares), including without limitation, other investment opportunities available to them, concentration of positions in the portfolios managed by them, conditions in the securities markets and general economic and industry conditions. JANA and Travis Kelce each reserve the right to change any of their respective opinions expressed herein at any time as they deem appropriate and disclaim any obligation to notify the market or any other party of any such change, except as required by law.
View original content:https://www.prnewswire.com/news-releases/jana-partners-applauds-six-flags-ceo-hire-and-provides-update-on-investor-group-302624861.html
SOURCE JANA Partners
FAQ
What did JANA Partners announce about Six Flags (NYSE: FUN) on November 24, 2025?
Who is joining Six Flags as CEO according to the November 24, 2025 update?
How large is JANA Partners' stake in Six Flags (FUN)?
What does it mean that Glenn Murphy de-grouped from the JANA investor group for FUN?
Why did Dave Habiger de-group from the JANA-led investor group regarding Six Flags (FUN)?
