Vail Resorts buys Whistler

By scott miller

BROOMFIELD — Vail Resorts shook up the ski-resort world Monday with an early-morning announcement of its intent to acquire the Whistler Blackcomb ski resort in Canada. The deal is expected to close in the next two to four months. Disclosed terms of the deal — which a Vail Resorts release called a “strategic combination” — add up to about $1.06 billion in U.S. currency, paid in both cash and stock to Whistler Blackcomb stockholders. The announced deal states that Whistler Blackcomb shareholders will receive a cash payment of C$17.50 per share, and will receive .0975 shares of Vail Resorts stock …

Source:: Vail Daily Feed