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NEW YORK (AP) - Six Flags Inc. stock rose Thursday after the amusement-park company's largest shareholder moved to increase its stake, oust top management and make a series of changes.
Shares of Six Flags rose $1, or 18 percent, to close at $6.49 on the New York Stock Market, above the 52-week high of $6.15 set Sept. 1.
Dan Snyder, owner of the Washington Redskins football team, made a tender offer through his Red Zone LLC investment firm to buy up to 34.9 percent of the company's stock. To increase Red Zone's stake from a current 11.7 percent, it is offering to pay $6.50 a share for the larger stake.
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