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.

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