Whistler was bought today in a massive $1.39 billion deal. Whistler/Blackcomb photo.
Updated Wednesday 8/10/16 1:33 PM MST: Whistler/Blackcomb will be included on the Mountain Collective pass for the winter of 16/17. Since Vail's announcement Monday, both Telluride and Revelstoke have been added to the Mountain Collective pass, making it an extremely popular option for those looking to get the most out of this program.
Cue the Darth Vader music... News broke this morning that Vail Resorts Inc. is set to buy Canadian ski company Whistler Blackcomb Holdings Inc. in a massive $1.39-billion deal according to USA Today.
The deal is expected to close this fall, when Vail Resorts is set to acquire 100 percent of Whistler Blackcomb. Shareholders of the company will receive C$17.50 per share in cash and 0.0975 shares of Vail Resorts common stock, for a total value of $27.38 per share.
Dave Brownlie, Whistler Blackcomb’s chief executive officer, said that Vail has “a track record and ultimately a commitment to reinvest more in the resort.” Whistler is currently investing heavily in other, non-winter activities after a less than stellar winter season. "Whistler Blackcomb, with its unprecedented acreage of high alpine terrain and Glacier bowls, is well positioned, but by no means immune to [weather] challenges,” Mr. Brownlie added.
Both board of directors have approved the deal, along with 25% of Whistler Blackcomb shareholders.
BEARTOOTH PASS, Wyo. — Tragedy struck the Beartooth Pass region of Wyoming on Saturday when a young skier died after tumbling roughly 2,000 feet while attempting to climb and ski a steep, technical chute. According to the Cody Enterprise, 19-year-old Benjamin Fern Tesseneer, of Bozeman, Mont., was hiking with his sister on Beartooth Pass in the lead-up to the fatal accident. Reports indicate that after ascending 1,000 feet of the 2,000-foot shot, Tesseneer’s sister opted to stay put, but
Usually, we don't like to just link to press releases, but this one is just too good. Read everything you need to know, and then some, about this exciting acquisition in the full release below. Jason Levinthal, based in Burlington, Vermont has entered into a definitive agreement to acquire 4FRNT, a designer and manufacturer of alpine skis, located in Salt Lake City, Utah. The transaction is expected to close in early July. Levinthal’s acquisition of 4FRNT is an unexpected, yet logical next
I didn't notice that Jen was in this photo at the time that it was taken. If I had, maybe things would’ve played out differently. On July 2nd, I woke up at 4a.m. in my hammock. I packed up my sleeping bag and quietly tossed it into my already loaded 4Runner, doing my best not to wake anyone else up. A few friends and I had been camping in the Popo Agie Wilderness outside of Lander, Wyoming near the Wind River Range. By 11a.m. I was putting on my snowboard boots on the side of the road on