Vail Resorts to buy Whistler Blackcomb

Mon Aug 8, 2016 7:19am EDT
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Aug 8 (Reuters) - Vail Resorts Inc said it would buy Whistler Blackcomb Holdings Inc, operator of a year-round mountain resort in British Columbia, for about C$1.39 billion ($1.06 billion).

The C$36 per share cash-and-stock offer represents a premium of about 43 percent to Whistler Blackcomb's Friday close. ($1 = 1.32 Canadian dollars) (Reporting by Arunima Banerjee in Bengaluru; Editing by Maju Samuel)