238.02 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||237.15 x 1400|
|Ask||238.22 x 1000|
|Day's Range||237.47 - 243.85|
|52 Week Range||179.60 - 302.76|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||32.00|
|Earnings Date||Sep 26, 2019 - Sep 30, 2019|
|Forward Dividend & Yield||7.04 (2.91%)|
|1y Target Est||249.45|
Microsoft and Equifax pay up, while Etsy and Vail Resorts make some big deals. Yahoo Finance's Adam Shapiro has today's top trending story
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
(Bloomberg) -- Helios Towers, one of sub-Saharan Africa’s largest mobile-phone tower operators, is reviving plans for an initial public offering, people familiar with the matter said.The company’s advisers are resuming preparations for an IPO that could value Helios at about $3 billion, according to the people. It is considering filing for the share sale as soon as this year, the people said. The tower owner is weighing London and Johannesburg as listing venues, though it hasn’t made a final decision, one of the people said.In March last year, Helios announced its intention for an initial public offering in London and Johannesburg to let shareholders such as Soros Fund Management LLC reduce their stakes. It quickly abandoned the plans with little explanation, saying two weeks later its owners had decided against a listing despite receiving “considerable interest” from potential investors.Any deal would add to the $1.8 billion of IPOs by telecommunications-related companies this year, according to data compiled by Bloomberg. Helios was one of a number of tower owners, including fellow African operator IHS Towers Ltd., that abandoned listing plans last year.Helios’s shareholders include investment firms backed by British banker Jacob Rothschild and former U.S. Secretary of State Madeleine Albright, as well as the World Bank’s International Finance Corp. and Millicom International Cellular SA.No final decisions have been made, and Helios could still decide against selling shares for now, the people said. A representative for Helios declined to comment.Helios has more than 6,700 towers spread across five African countries, serving customers including Airtel Africa Plc, MTN Group Ltd. and Vodacom Group Ltd. It’s the only independent tower operator in the Democratic Republic of Congo, Tanzania and Republic of Congo, according to its website. Helios also has operations in Ghana and launched in South Africa this year.To contact the reporters on this story: Myriam Balezou in London at firstname.lastname@example.org;Loni Prinsloo in Johannesburg at email@example.comTo contact the editors responsible for this story: Dinesh Nair at firstname.lastname@example.org, ;Rebecca Penty at email@example.com, Ben Scent, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW ORLEANS , July 31, 2019 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
In this article we are going to estimate the intrinsic value of Vail Resorts, Inc. (NYSE:MTN) by projecting its future...
For after Vail Resorts’ purchase of 17 small areas across the Northeast and Midwest from Peak Resorts Inc. (Nasdaq: SKIS) on July 22, CEO Rob Katz can now say with confidence that the Broomfield-based company (NYSE: MTN) has connections through its properties to most major American metropolitan areas that get a significant amount of snow. From Boston to Washington D.C and from St. Louis to Chicago, if a big-city population likes to drive a relatively short distance to get into the mountains, those mountains are likely owned now by Vail Resorts.
Three ski resorts near Baltimore are getting bought by Vail Resorts Inc. but that is not the only local connection to the $264 million deal announced Monday. Baltimore-based T. Rowe Price Group Inc. (NASDAQ: TROW) is the largest shareholder of Vail Resorts. At one point Vail Resorts was the biggest holding for one of T. Rowe Price's signature mutual funds, the New Horizons Fund.
NEW YORK , July 22, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Peak Resorts, Inc. ("SKIS" ...
NEW YORK, July 22, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Peak Resorts, Inc. (“Peak.
A firm owned by two members of the Sackler family stands to get $87.2 million from the sale, announced Monday, of Wildwood-based Peak Resorts Inc. (NASDAQ: SKIS).
Peak Resorts news on Monday about a deal with Vail Resorts has SKIS stock soaring.Source: Shutterstock This deal will have Peak Resorts (NASDAQ:SKIS) being acquired by Vail Resorts (NYSE:MTN). This has the latter offering to purchase all outstanding shares of SKIS stock for $11.00 each. This represents a 116% premium to the stock's closing price on Friday.The Peak Resorts news release notes that both companies' Board of Directors are supporting the deal. The Board of Directors for SKIS is also advising all shareholders to vote in favor of the deal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"With this acquisition, we're also able to make a much stronger connection to guests in critical cities in the Mid-Atlantic and Midwest, and build on the success we have already seen with our strategy in Chicago, Minneapolis and Detroit," Rob Katz, Chairman and CEO of Vail Resorts, said in a statement.So long as the Peak Resorts news goes over well, the companies are looking for the deal to close this fall. This means it will have to complete customary closing conditions, get approval from regulators and have SKIS stockholders vote in favor of it. * 7 Defense Stocks to Buy to Fortify Your Portfolio Peak Resorts is getting its financial advice for the deal from Moelis & Company. It's legal advice concerning the deal with Vail Resorts is coming from Perkins Coie, Sandberg Phoenix & von Gontard P.C. and Armstrong Teasdale.SKIS stock was up 112% and MTN stock was up 3% as of Monday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon As of this writing, William White did not hold a position in any of the aforementioned securities.The post Peak Resorts News: SKIS Stock Soars on Vail Resorts Deal appeared first on InvestorPlace.
Broomfield-based Vail Resorts Inc. (NYSE: MTN) announced Monday morning that it is acquiring Peak Resorts Inc. (Nasdaq: SKIS) in a deal valued at $264 million. In the deal, Vail Resorts agreed to acquire 100% of Peak Resorts' outstanding stock at a purchase price of $11.
Vail Resorts Inc. (NYSE: MTN) is acquiring Peak Resorts Inc. (NASDAQ: SKIS), the owner of 17 U.S. ski areas — including three resorts popular among D.C.-area skiers. Broomfield, Colorado-based Vail Resorts will purchase Wildwood, Missouri-based Peak for $11 per share, or an estimated $264 million.
Peak Resorts Inc., the Wildwood-based ski resort owner and operator, has agreed to be acquired by Vail Resorts Inc. for about $264 million in cash.
Peak Resorts (NASDAQ: SKIS) will be acquired by Vail Resorts, Inc. (NYSE: MTN) for $11.00 per share in cash. Peak Resorts is a Missouri-based company that operates 17 ski resorts in the Midwest, Mid-Atlantic and Northeast. Vail Resorts is a mountain resort company.
BROOMFIELD, Colo., July 22, 2019 /PRNewswire/ -- Vail Resorts, Inc. (MTN) today announced it has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts, Inc. (SKIS) at a purchase price of $11.00 per share, subject to certain conditions, including regulatory review and Peak Resorts' shareholder approval. Through the acquisition, Vail Resorts will add 17 U.S. ski areas to its network of world-class resorts.
Peak Resorts, Inc. (SKIS) (“Peak Resorts” or the “Company”), a leading owner and operator of high-quality, individually branded U.S. ski resorts, today announced that it has entered into a definitive merger agreement with Vail Resorts, Inc. (MTN) (“Vail Resorts”) pursuant to which Vail Resorts will acquire all outstanding shares of common stock of Peak Resorts for $11.00 per share in cash. The transaction represents a 116% premium to Peak Resorts’ closing stock price on July 19, 2019. The transaction is expected to close in fall 2019 and is subject to certain conditions, including a vote of Peak Resorts shareholders and antitrust clearance.
Vail Resorts definitively agreed to acquire Peak Resorts for $11 a share, or $264 million, the companies said Monday. The deal more than doubled Peak Resorts' stock price, which recently was at $10.86. Vail Resorts' stock was up 2.8% at $231.98.
A strong season pass program, increased focus on acquisitions and mergers along with efficient marketing efforts bode well for Vail Resorts (MTN).