Six Flags Entertainment Corporation (FUN) shares surged on Wednesday after the company reported strong third-quarter earnings, exceeding revenue expectations despite weather challenges. The merger with Cedar Fair is already generating cost savings and boosting profitability, with management projecting significant growth in the coming years.
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An office park in Arlington, Texas, located near Six Flags and known as Six Flags Business Park, is facing foreclosure after its owner, Liberty Centerpoint LLC, allegedly defaulted on a $40 million loan from Pinnacle Bank. The park, which consists of four buildings totaling 450,000 square feet, was purchased by Liberty Centerpoint LLC in 2021 from Albany Road Real Estate Partners. The current appraised value of the park is estimated to be around $43 million. A foreclosure auction is scheduled for May 7, but a resolution between Pinnacle and Opal Holdings before that date may prevent a forced sale.