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United Parks & Resorts (PRKS) just unveiled an update.
United Parks & Resorts Inc. has amended its Stockholders Agreement with Hill Path Capital LP, requiring majority board approval for future adjustments and certain transactions. This change aims to enhance corporate governance by ensuring that major decisions, including acquisitions and material transactions with Hill Path, receive approval from disinterested directors and independent shareholders. The amendment, tied to the Company’s Share Repurchase Program, is contingent upon stockholder endorsement and will be revoked if not approved or if Hill Path’s ownership decreases below a certain threshold. United Parks & Resorts has also released new investor materials on their website for stakeholders’ perusal.
For detailed information about PRKS stock, go to TipRanks’ Stock Analysis page.