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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 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. (MTN) (“Vail Resorts”). Under the terms of the merger agreement, Peak Resorts’ common shareholders will be entitled to receive $11.00 per share in cash at the closing of the acquisition.
Management changes are coming to two Lake Tahoe-area ski resorts as Vail Resorts Inc. reorganizes its leadership team.
NEW YORK , Aug. 9, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. announces to investors that it is investigating potential claims on behalf of stockholders of Condor Hospitality Trust, Inc., Peak Resorts, ...
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 ...
NEW YORK, July 30, 2019 -- Bragar Eagel & Squire, P.C. announces to investors that it is investigating potential claims on behalf of stockholders of Peak Resorts, Inc.,.
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.
WILMINGTON, Del., July 29, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Condor Hospitality Trust, Inc. (NYSE: CDOR) regarding possible breaches of.
NEW YORK , July 26, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
NEW YORK , July 26, 2019 /PRNewswire/ -- Acacia Communications, Inc. (ACIA) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the sale of ACIA to Cisco ...
NEW YORK, July 26, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this.
Hilton's (HLT) second-quarter 2019 results gain from robust comparable revenue per available room growth. Unit growth also aids results.
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" ...
WILMINGTON, DE / ACCESSWIRE / July 22, 2019 / Rigrodsky & Long, P.A.: Do you own shares of Peak Resorts, Inc. (NASDAQ GM: SKIS )? Did you purchase any of your shares prior to July 22, 2019? Do you think ...
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.
MILWAUKEE , July 22, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Peak Resorts (Nasdaq: SKIS) for possible breaches of fiduciary duty and other violations of the law in connection with the ...
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.