Hunter / Vail is a done deal!

Hi All,

Welcome to the world of VAIL!

 

Vail Resorts Completes Peak Resorts Buyout

BY MT Newswires
— 11:51 AM ET 09/24/2019

11:51 AM EDT, 09/24/2019 (MT Newswires) -- Vail Resorts ( MTN
) said Tuesday that it has completed the acquisition of Peak Resorts ( SKIS ) for $11 per Peak Resorts ( SKIS

	Loading...

) share, adding 17 US ski areas to its network of resorts.
Peak's shares are set to be delisted from Nasdaq effective the same day. With the merger, Vail said it plans to invest about $15 million over the next two years to upgrade the Peak resorts. Vail also estimates its annual ongoing capital expenditures to increase by about $10 million due to the additional assets.
Price: 237.16, Change: -2.30, Percent Change: -0.96

VAIL to close on the PEAK takeover on / about September 24th

For those of you who didn’t see this news from last Friday Sept. 20:

 

 

 

Press Release: Peak Resorts Shareholders Approve Merger Agreement for Acquisition by Vail Resorts

 WILDWOOD, Mo., Sept. 20, 2019 (GLOBE NEWSWIRE) -- Peak Resorts, Inc. ( SKIS

	Loading...

) ("Peak Resorts" or the "Company"), a leading owner and operator of high-quality, individually branded U.S. ski resorts, today announced that the Company's shareholders, at a special meeting held today (the "Special Meeting"), approved the merger agreement for the acquisition of the Company by Vail Resorts, Inc. ("Vail Resorts"). Under the terms of the merger agreement, Peak Resorts' ( SKIS

	Loading...

) common shareholders will be entitled to receive $11.00 per share in cash at the closing of the acquisition. The transaction is expected to close on or about September 24, 2019.

 

According to the final voting results, approximately 89% of the Company's outstanding shares, as of the close of business on August 19, 2019, the record date, voted in favor of the merger agreement, assuming the conversion of the shares of Series A preferred stock. No shareholder as of the record date has filed with the Company, before or at the Special Meeting, a written objection to the merger that was approved at the Special Meeting.

 

 

Vail buys PEAK resorts / Hunter now on Epic Pass

Vail Resorts to Buy Peak Resorts for $11 a Share >MTN SKIS

BY Dow Jones & Company, Inc.
— 7:16 AM ET 07/22/2019

Vail Resorts Inc. ( MTN

	Loading...

) on Monday said it agreed to buy fellow ski-resort operator Peak Resorts Inc. ( SKIS

	Loading...

) for $11 a share, or about $264 million. The deal represents a roughly 116% premium to Peak's closing price of $5.10 on Friday.
Vail, a Broomfield, Colo., ski-resort operator, said the acquisition of Wildwood, Mo.-based Peak will add 17 U.S. ski areas to its network.
Vail said it will finance the transaction,, which it expects to complete this fall, with cash on hand, its existing revolver facility and an expansion of its existing credit facility.
Vail said it will also assume or refinance Peak's debt.
Trading in Peak shares was halted premarket on Monday, while shares of Vail, which closed Friday at $225.71, were unchanged.
Write to Colin Kellaher at colin.kellaher@wsj.com

  (END) Dow Jones Newswires
  07-22-19 0716ET
  Copyright (c) 2019 Dow Jones & Company, Inc.

Hunter May 13

Hi All,

Check out the summit cam showing the top of the mountain this am. Up to another 3” of snow  possible tonight.

So much for spring! CRAZY!!   https://huntermtn.roundshot.com/

Jon

Hunter - May 12, 2019

Happy Mother's day!
Hunter re-opens tomorrow!!

NOT!

Hunter season passes & lockers

Hi All,

Just a friendly reminder that rates for all season passes and lockers increase as of May 1 – next Wednesday.

You can pay on line via the Hunter web site:   www.huntermtn.com 

Happy spring and summer to all,

Jon

Hunter announces closing date

FYI  -  Following from Hunter:

 

Yesterday, we announced that our last day of the 2018-19 season will be this Sunday, April 7th, 2019. After the lifts close on Sunday at 4 PM we will have 140 days officially on snow! We are so fortunate to have spent them all with you – our loyal guests.

While our closing date may be set, this season isn’t over just yet and we still have 4 more days of spring skiing and riding to enjoy as well as our Beach Bash which is scheduled to take place this Saturday. Get your turns in now while the snow and ski season are still here!