Whistler shareholders approve Vail Resorts deal
October 7, 2016
BROOMFIELD — Whistler Blackcomb Holdings and Vail Resorts this week announced that shareholders of Whistler Blackcomb have approved the previously announced strategic combination joining Whistler Blackcomb with Vail Resorts pursuant to an arrangement agreement dated Aug. 5 between Whistler Blackcomb and Vail Resorts.
At a special meeting, the arrangement was approved by approximately 99.99 percent of the votes cast by all Whistler Blackcomb shareholders eligible to vote at the meeting.
"This strategic combination provides compelling benefits for our shareholders, our resort and our community and we are pleased that our shareholders have voted in favour of this exciting step for Whistler Blackcomb," Whistler Blackcomb Chief Executive Officer Dave Brownlie said.
As announced Oct. 4, no further regulatory approvals are required in order for the transaction to close. The proposed combination remains subject to closing conditions, including approval by the British Columbia Supreme Court. Subject to obtaining this approval and the satisfaction of customary other conditions, including applicable stock exchange approvals, the transaction is expected to close Oct. 17.