DENVER—The company behind the Mont Tremblant and Blue Mountain ski resorts has signed an agreement to be acquired in a friendly deal valued at $1.5 billion (U.S.), including debt. Intrawest Resorts Holdings Inc. said Monday that U.S. ski resort company Aspen Skiing Co. and private equity firm KSL Capital Partners have agreed to pay $23.75 per share in cash. Intrawest CEO Thomas Marano said the offer is a 40-per-cent premium over where the company’s shares were before a report in January speculating that it was exploring a potential sale. “Our new partners bring additional financial resources and a shared passion for the mountains and our mountain communities,” Marano said in a statement. “Both Aspen and KSL are committed to helping Intrawest accelerate our plans to bring more value to our guests, more opportunities for our employees and more investment into our local communities.”

Source: thestar April 10, 2017 16:52 UTC