Adam Aron’s next move
VAIL ” Adam Aron, the Vail Resorts chief executive who stepped down earlier this year, is turning back to his Wall Street roots.
In a recent filing with the U.S. Securities and Exchange Commission, Aron is listed as a director in newly forming Marathon Acquisitions Corp., an investment firm looking to raise $300 million in an initial public stock offering.
Michael Gross will head the new venture. Gross is the founder and former senior partner of Apollo Management, an affiliate of Apollo Partners, which once held majority stake in Vail Resorts.
Aron told the Denver Post Thursday he “can’t say a word” about the company, since it is in the process of registering with the SEC.
According to the SEC registration file, Marathon is a “blank check company,” with no specific business plan other than to engage in mergers and acquisitions of other companies.
“Our efforts in identifying a prospective target business will not be limited to a particular industry,” the prospectus reads. “Instead, we intend to focus on various industries and target businesses in the United States and Western Europe that may provide significant opportunities for growth.”
Aron, Gross and another director, Martin Franklin, each put up $25,000 to start the company.
According to the prospectus, the initial stock offering will be made on the American Stock Exchange under the ticker symbol “MAQ.” The company expects the initial offering to be 37.5 million shares at about $8 per share.
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