Land & Buildings Investment Management – a 2% stake-holder – intends to exert pressure on Six Flags (FUN) to sell off or spin out its real estate as well as make other changes intended to raise the theme park company’s stock price, The Wall Street Journal’s Lauren Thomas reports, citing people familiar with the matter. The report notes that the investor believes that a a new real-estate investment trust entity would trade at higher multiple and also estimates that an outright sale of Six Flags’ real estate could yield as much as $6B.
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