Transactions & Cases Detail



Transaction/Case Details

Whistler and Vail Finalize C$1.4B Acquisition

DATE CLOSED

October 17, 2016

BUSINESS SECTOR

Hospitality / Recreation

LEAD OFFICE

Toronto

VALUE

1.4 Billion USD


OVERVIEW

On October 17 2016, Vail Resorts Inc. and Whistler Blackcomb Holdings Inc. completed a strategic combination joining Whistler Blackcomb with Vail Resorts by way of plan of arrangement. Under the terms of the transaction, Vail Resorts acquired 100 percent of the stock of Whistler Blackcomb, whose shareholders received C$17.50 in cash and 0.097294 shares of Vail Resorts common stock for each Whistler Blackcomb share held. Whistler Blackcomb is now wholly owned by Vail Resorts.

Whistler Blackcomb is a major ski resort located 121 km north of Vancouver, in British Columbia, Canada.

Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts' subsidiaries operate ten world-class mountain resorts and three urban ski areas.

McCarthy Tétrault LLP advised the financial advisor to the special committee of the board of directors of Whistler with a team consisting of Garth Girvan and Deandra Schubert.

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