BUZZ-Vail Resorts Inc: Shares touch record high

Mon Aug 8, 2016 12:06pm EDT
 
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** Mountain resorts owner's shares up 7 pct at $154.10

** Stock rises as much as 9.7 pct to touch a record high at $157.95

** Co said it would buy Canada's mountain resort operator Whistler Blackcomb Holdings Inc for about C$1.39 bln ($1.06 bln) to expand into Canada

** To pay about C$676 mln ($513.68 mln) in cash and C$715 mln ($543.31 mln) in stock

** Up to Friday's close, stock had risen 12.5 pct YTD

($1 = 1.3160 Canadian dollars)