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.