The Board of Directors of Six Flags Entertainment Corporation (NYSE:SIX) authorized a share repurchase program on January 3, 2012. Under the plan, the company will repurchase up to $250 million worth of its common stock. The purpose of the plan is to further enhance shareholder value. The plan will continue till year 2015.

On September 28, 2012, the company sold its minority interest in dick clark productions for $70 million. The sale proceeds were used to finance the share repurchase program.


Six Flags Entertainment Corporation completed the share repurchase program on January 4, 2013. Under the program, the company has repurchased 4,537,211 shares for $250 million.