Six Flags Agrees to Avenue Capital Bankruptcy Plan

11-09-2009, 01:23 PM

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Six Flags Agrees to Avenue Capital Bankruptcy Plan

WILMINGTON, Del. (Reuters) - Bankrupt Six Flags Inc. has submitted a new reorganization plan that represents a victory for hedge fund Avenue Capital Management, which fought an initial proposal that gave little to bondholders.The world’s largest regional theme park operator filed for bankruptcy in the middle of the year with a plan that transferred almost [...]

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