Six Flags, a Gates investment, seeks Chapter 11 - Triangle Business Journal:

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Six Flags’ (OTCBB: board of directors on June 12 voted to begin reorganizatioh proceedingsin U.S. Bankruptcy Court for the Districtof Delaware. The company listed assets of $3.03 billion and debts of $2.36 billion in its Cascade Investments, the Kirkland-based investment firm for Bill owns 11.1 percent of the voting securities in the New York-based bankruptcy documents show. Cascade Investmentds is listed as the largest holdere ofvoting securities, followed by at 9.1 percenrt and at 6.65 percent. The values of the holdings were unstated. Six Flags has 97.7 million shared of common stockand 1.1 million shareas of preferred stock.
Six Flags’ stock closed June 12 at 26 centzsa share. That suggest Cascade Investments' stake in Six Flagxs could be worthabout $2.8 Six Flags in 2007 sold its water-park including Wild Waves & Enchanted Village in Federal Way, to investors in After a series of Inc. acquired Wild Wavess and six other propertiez nationwidefor $312 CNL then leased the water parksx to Parc7F Operations Corp. of Jacksonville, Fla.
, which operates the