Intrawest has been paring down its resort holdings since selling California's Mammoth Mountain in 2005.
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. It is being bought by a newly formed entity controlled by affiliates of the Aspen Skiing Co. The heli-skiing operation that was sold is the world's largest operator of helicopter ski trips that put skiers atop mountains so they can ski virgin snow.
However, investors reacted to the news by sending Intrawest shares down $1.55 U.S., or more than six per cent, to $23.74 United States on the New York Stock Exchange.
It's a big move for Aspen, which now operates four resorts in the Roaring Fork Valley: Aspen, Aspen Highlands, Buttermilk, and Snowmass.
Aspen/Snowmass posted information on this merger calling it, "Better Together".
About KSL Capital Partners KSL Capital Partners, LLC is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. It owns pricey travel and leisure properties.
Karns allowed four runs, two hits and two walks in a relief appearance in a 9-1 loss to Minnesota on Wednesday. Keuchel followed with a two-base throwing error that allowed Paulo Orlando to reach second with no outs.
Islamic State said two of its fighters wearing suicide vests carried out the attacks, and it warned of more to come. In December, 25 people died when a bomb exploded during Sunday mass in Cairo , as NPR's Bill Chappell reported.
The Miami Herald reports that almost 100 people were eating at Yard House's outdoor patio when the shooting began. Witnesses report hearing five shots and say Wilson opened fire on a man standing behind the counter at the gym.
He started in right field the first two games in Milwaukee and said he expects Maddon to keep moving him and Baez around. He scored the winning run in Milwaukee's 2-1,11-inning win over the Cubs on Friday night, racing home on a wild pitch.
Bentley has acknowledged making personal mistakes but maintained he did nothing illegal or to merit his removal from office. Mason quit the governor's office in March of previous year , after accusations about the two became public.
Calling the strike a "flagrant aggression", the Syrian Army said it had killed six people and caused extensive damage to the base. Syrian state TV reported the attack on a number of military targets and called the attack an "aggression".
The Senegal worldwide was injured during last weekend's 3-1 win over Everton when he collided with Leighton Baines. I am not 100 per cent sure when it will happen. "That is what I half-expected when I saw him after the game".
Turkish PM reiterates call for Syria safe zone
The protesters held banners and chanted anti-American slogans Saturday such as "Death to America" and "Death to Israel". The kingdom is among the most vehement opponents of Assad and supports Sunni rebel groups fighting to oust him.
Justice to veto legislation eliminating greyhound racing
For the month of March, general revenue fund collections were $331.5 million, $26.3 million above the original budget estimate. Ferns said in his video the second promise the Senate kept was "passing a balanced budget without tax increases".
Trump, Xi meet again - in shadow of missile strikes on Syria
Trump quipped that he had "gotten nothing" in the first round talks with Xi, with more meetings scheduled on Friday (local time). US First Lady Melania Trump wore a red dress; while the Chinese first lady was dressed in a bluish, pattern dress.
Spieth stumbles in Augusta's water again
Instead, nearly the instant he made contact, Spieth began walking toward the hole, watching his putt stop five feet short. But Thursday's major lapse suggests the old immune system that used to inoculate Spieth against such errors is weakening.
A slice for the stranded: Delta buys pizza for passengers
In fact, there's little that airlines are required to do in cases of delays caused by weather or even air traffic control issues. There are few things that can make flight delays more bearable, but free pizza is definitely one of them.