April 10, 2017 / 12:07 PM / in 6 months

BUZZ-: Intrawest Resorts Holdings: Aspen Skiing, KSL Capital to buy co

** Ski resorts owner’s shares down 7.5 pct at $23.40 in premarket trading

** Ski resorts operator Aspen Skiing Co LLC and private equity firm KSL Capital Partners LLC to buy Intrawest Resorts for about $1.5 billion, including debt

** Aspen Skiing and KSL Capital’s offer of $23.75 per share in cash, represents a discount of 6.1 pct to Intrawest’s Friday close

** Up to Friday’s close, Intrawest’s shares have risen 49 pct since Jan. 12, the day before Reuters reported that it was working with investment banks on a possible sale.

** Under the terms, Intrawest will be bought by a newly-formed entity controlled by affiliates of Aspen Skiing and KSL Capital; deal is expected to close by the end of the third quarter of 2017

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