Business Merger May Give Aspen Ski Resorts Major Facelift
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Mergers & Acquisitions on Monday, April 17, 2017.
Anyone who's ever skied down the face of a mountain knows how exhilarating it can be. In fact, many California residents are among those who consider skiing a favorite pastime. Skiing enthusiasts may be interested to learn that a well-known ski resort in another state is planning a business merger with several other entities, one of which is already worth billions of dollars.
The business merger has not yet been approved. However, the plan includes blending a popular string of ski resorts with a successful hotel and entertainment group. KSL Partners (one of the companies with whom the ski resort plans to merge) is a private equity that owns high-end leisure and travel properties.
Aspen ski company, in Colorado, owns at least four resorts. The plan is to merge with KSL, and then merge as a new company with Intrawest, which owns more than five ski resorts in other states and Canada. Intrawest stock was down a tad on a recent Monday trading session. If the merger is approved, its stock will be bought out in late 2017.
Business transactions of this nature are often complicated, and obtaining approval can take much time. There are all sorts of obstacles and issues that may arise and cause delays. Many California business people understand that such problems are often avoidable if an experienced business and commercial law attorney is consulted before executing a formal merger proposal. An attorney can review a proposed contract and guide a business owner through the entire merger process.
Source: CBS Denver, "Skiing Company Merger Affects Several Colorado Resorts", April 10, 2017