Vail Resorts and Whistler Blackcomb Strategic Combination Receives Competition Bureau Clearance
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Vail Resorts (MTN) Misses Q4 EPS by 13c
September 26, 2016 6:49 AM EDTVail Resorts (NYSE: MTN) reported Q4 EPS of ($1.80), $0.13 worse than the analyst estimate of ($1.67). Revenue for the quarter came in at $179.88 million versus the consensus estimate of $171.36 million.
On season pass sales, the company said, We are extremely pleased with our season pass sales to date. Through September 18, 2016, U.S. ski season pass sales increased approximately 24% in units and 29% in sales dollars, compared to the prior year period ended September 20, 2015. Our growth continues to be driven by our increasingly sophisticated and targeted marketing efforts to move destination guests into our season pass... More
Vail Resorts (MTN), Whistler Blackcomb Merger Approved by Canadian Competition Bureau
September 26, 2016 6:44 AM EDTVail Resorts, Inc. (NYSE: MTN) and Whistler Blackcomb Holdings, Inc., announced that the Canadian Competition Bureau has issued a no-action letter under the Competition Act (Canada) indicating that it does not intend to challenge the proposed strategic business combination joining Whistler Blackcomb with Vail Resorts.
The proposed combination remains subject to customary closing conditions, including approval by Whistler Blackcomb shareholders and the Supreme Court of British Columbia and approval under the Investment Canada Act. The transaction is... More
