NYSE Delists Six Flags

Financially struggling Six Flags is taking another blow on the chin after the company was delisted from the stock exchange late last week.

The company, which owns two parks in Arlington, Six Flags Over Texas and Hurricane Harbor, is hoping to avoid Chapter 11 bankruptcy protection.

In 1999, the company's stock sold for $42 per share.  It is now worth less than $1 per share.

Now, the company expects its shares to be traded in the over-the-counter market.

The delisting isn't expected to effect park operations and the company does not plan to appeal the decision.

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