Intrawest SOLD

SkiSundownJibber

SkiSundownJibber

Active member
Intrawest sold itself to a private equity fund for $2.8 billion this morning after Pirate Capital, a dissident hedge fund and IDR's largest shareholder, put pressure on management to sell the company to the highest bidder.
 
theres no way your serious...

by teh way tehy also own tremblant, sun peaks, panorama, mont st. anne, and a bunch in the states besides whistler blackcomb
 
The company who bought them(I cant remember the name, its just 1 word...) is also assuming all of Intrawest's debt, which is something like >$1 billion. They are offering $35/share which is a good deal(the only reason the shares are over that right now is because of the announcement of the offer). Oh and also it hasent actualy been sold yet, its just an offer; no one has accepted it.
 
umm actually they don't won sun peaks or st anne. however, they do own whistler/blackcomb, panorama, blue mountain, tremblant, as well as large parts of the villages/towns surrounding each resort. also several ski, sun, and golf resorts worldwide.
 
I am pretty sure they don't own mammoth...... and they woun't take away parks. Parks are making fuck loads of money right now. Why would you take away one of your biggest money maker.
 
also stratton, i hope those greedy mother fuckers stop charging so much for a lift ticket. or whatever, i hope their company tanks
 
Yeah, that is new though i think. Their site is WAY WAY different then it used to be.
 
they only own the village at Squaw, not the hill. And the land in the village that they bought has a bunch of fuel tanks that they weren't informed about, so they have to dig those all out for environmental reasons.
 
i agree. don't they own all types of resorts all over the world like in japan and shit too? i also think they own a couple of resorts on some islands don't they?
 
i highly doubt that one of american ski co.'s biggest rivals would do their resort development for them.
 
intrawest was sold to Fortress Investment Group. These peeps baught out michealjacksons debt of 270 billion so intrawest is chump change to them. The operating plan is the exact same, buisiness as usual. p.s. intrawest recently sold mammoth but still ownes all the real estate. Who cares anyways, as long as we can still rip it up.

 
theve knda fucked up creek, with this huge ass hotel condo place mountainside which once its finished will make creek insanely crowded, and they cahrge a shitload for food there
 
yeah theres no way they would change any business workings. it's too much of a cash cow the way it is. no worries there. I'm just a little sad that my beloved (although evil conglomerate) vancouver based Intrawest is now going to be owned be an even bigger evil conglomerate from new york
 
It actualy has not been sold yet just an offer was made, then the share holders vote on it, and if it sells each share holder get $35 bucks a share.
 
mt. Creek has been sucking balls since forever, all the grubby new york tourists that get in the way make the line forever.
 
I hope they don't screw around with Blue Mountains development because that place is becoming Ontario's only hope for half decent skiing.
 
No, it's not just a bid. the board and shareholders support the deal; intrawest is SOLD. And the company that bought it is a private equity firm called Fortress
 
I know people that own their stock and they have not voted on it yet so it is not sold yet. And after the stock holders say it is a good deal then they work it out believe me the company will not be sold untill october or november.
 
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