VAIL RESORTS, INC. TO ACQUIRE WHISTLER BLACKCOMB FOR $1.05 BILLION

Law360 has reported today that Colorado-based Vail Resorts Inc. is acquiring the Canadian Whistler Blackcomb ski resort company for CA$1.39 billion ($1.05 billion) in a stock-and-cash deal.  Vail and Whistler Blackcomb Holdings Inc. agreed to join the two resorts’ portfolios in a strategic business combination under which Vail would acquire 100 percent of Whistler Blackcomb’s stock for $36 per share, at a premium of 4  percent over the closing stock prices and currency exchange rates as of market close on Aug. 5.

BANKRUPT ECHO MOUNTIAN TO BE SOLD FOR $3.8 MILLION

Echo Mountain filed for bankruptcy. Photos by Aaron Kremer.

Echo Mountain is seeking bankruptcy court approval to sell substantially all of its assets in a 363 bankruptcy sale.  The proposed transaction includes 226 acres of real estate and the personal property for the ski operations including snowmaking machines, snow cats and the chairlifts.  The proceeds of the sale will fund distributions to secured and unsecured creditors.