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

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) ("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

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) 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.