Vail Resorts, Inc. has completed its combination with Whistler Blackcomb Holdings, Inc. As a result, Vail Resorts receives 100 percent of Whistler Blackcomb’s stock whose shareholders in turn will receive $17.50 and 0.09 shares of Vail’s stock for each Whistler Blackcomb share they hold. This makes Vail Resorts the sole owner of Whistler Blackcomb.
Vail Resorts also has appointed Michele Romanow to the board of directors at Vail Resorts. Romanow was previously on Whistler Blackcomb’s board.
The common shares of Whistler Blackcomb were removed from the Toronto Stock Exchange on Oct. 17.
“Our mission at Vail Resorts is to deliver an experience of a lifetime to our guests and our employees, and this transaction is a significant milestone in making that experience even more special,” says Rob Katz, chairman and chief executive officer of Vail Resorts. “Whistler Blackcomb is one of the most iconic mountain resorts in the world and we are tremendously excited to welcome the resort and the talented team who work there to the Vail Resorts family.”