Vail Resorts (MTN) Leaps on Whistler Blackcomb Deal

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Vail Resorts, Inc.
MTN
shares zoomed 7.2% to $154.28, as the company and Whistler Blackcomb Holdings, Inc. entered into a strategic business combination, under which, Vail Resorts would acquire 100% of the stock of Whistler Blackcomb, whose shareholders would receive $17.50 Canadian per share in cash and 0.0975 shares of Vail Resorts common stock, for consideration having a total value of $36.00 Canadian per share. Share volume was 1.2 million, nearly quadruple its all-day average
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