Vail Resorts to Purchase Peak Resorts, Proprietor of 17 U.S. Ski Areas

BROOMFIELD, Colo., July 22, 2019 /PRNewswire/ — Vail Resorts, Inc. (NYSE: MTN) right now introduced it has entered right into a definitive merger settlement to amass 100 p.c of the excellent inventory of Peak Resorts, Inc. (NASDAQ: SKIS) at a purchase order value of $11.00 per share, topic to sure situations, together with regulatory assessment and Peak Resorts’ shareholder approval.

Photo Credit: Brett Miller, Peak Resorts, Mount Snow

By way of the acquisition, Vail Resorts will add 17 U.S. ski areas to its community of world-class resorts. Positioned close to main metropolitan areas, together with New York, Boston, Washington, D.C., Baltimore, Philadelphia, Cleveland, Columbus, St. Louis, Kansas Metropolis and Louisville, the resorts embrace:

  • Mount Snow in Vermont
  • Hunter Mountain in New York
  • Attitash Mountain Resort, Wildcat Mountain and Crotched Mountain in New Hampshire
  • Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Massive Boulder in Pennsylvania
  • Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio
  • Hidden Valley and Snow Creek in Missouri
  • Paoli Peaks in Indiana

“We’re extremely excited to have the chance so as to add such a strong community of ski areas to our Firm,” stated Rob Katz, chairman and chief govt officer of Vail Resorts. “Peak Resorts’ ski areas within the Northeast are an ideal complement to our present resorts and collectively will present a really compelling providing to our visitors in New York and Boston. With this acquisition, we’re additionally capable of make a a lot stronger connection to visitors in important cities within the Mid-Atlantic and Midwest and construct on the success we now have already seen with our technique in Chicago, Minneapolis and Detroit. The acquisition absolutely embodies our philosophy of Epic for Everybody, making snowboarding and driving extra accessible to visitors throughout the U.S. and round…

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