Whistler shareholders approve Vail Resorts deal | TahoeDailyTribune.com

Whistler shareholders approve Vail Resorts deal

BROOMFIELD — Whistler Blackcomb Holdings and Vail Resorts this week announced that shareholders of Whistler Blackcomb have approved the previously announced strategic combination joining Whistler Blackcomb with Vail Resorts pursuant to an arrangement agreement dated Aug. 5 between Whistler Blackcomb and Vail Resorts.

At a special meeting, the arrangement was approved by approximately 99.99 percent of the votes cast by all Whistler Blackcomb shareholders eligible to vote at the meeting.

“This strategic combination provides compelling benefits for our shareholders, our resort and our community and we are pleased that our shareholders have voted in favour of this exciting step for Whistler Blackcomb,” Whistler Blackcomb Chief Executive Officer Dave Brownlie said.

As announced Oct. 4, no further regulatory approvals are required in order for the transaction to close. The proposed combination remains subject to closing conditions, including approval by the British Columbia Supreme Court. Subject to obtaining this approval and the satisfaction of customary other conditions, including applicable stock exchange approvals, the transaction is expected to close Oct. 17.

Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User