ski guyVAIL WON'T OWN THE CANYONS
October 27th 2009 20:06
in the world of ski area conglomerates jockeying to add resorts
to their portfolio of holdings, Vail Resorts has announced it's
gracefully bowing out of trying to acquire The Canyons Resort
property in Utah.
For many months, before the kaput American Skiing Company
finally throw in the proverbial towel, Vail Resorts had an understanding
of sorts that they would purchase the resort from the beaten down
to a shell of its former self corporation.
Alas, in the behind the scenes intrigue involving bankers, VCs,
lawyers and well, greedy types, the American Skiing Company
canceled the deal. "Sorry Vail boys, we got a better offer."
Vail Resorts sued but finally abandoned their rather fruitless
efforts this week.
The Canyons is now owned by the illustrious Talisker Corporation,
at least for the next few months or so.
to their portfolio of holdings, Vail Resorts has announced it's
gracefully bowing out of trying to acquire The Canyons Resort
property in Utah.
For many months, before the kaput American Skiing Company
finally throw in the proverbial towel, Vail Resorts had an understanding
of sorts that they would purchase the resort from the beaten down
to a shell of its former self corporation.
Alas, in the behind the scenes intrigue involving bankers, VCs,
lawyers and well, greedy types, the American Skiing Company
Vail Resorts sued but finally abandoned their rather fruitless
efforts this week.
The Canyons is now owned by the illustrious Talisker Corporation,
at least for the next few months or so.
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