Whistler (BC), Canada – It was already a foregone conclusion, but now it’s official: shareholders of Whistler Blackcomb have approved the previously announced strategic combination joining Whistler Blackcomb with Vail Resorts.
At a special meeting held yesterday in Vancouver, the deal first announced on August 5 was approved by approximately 99.99% of the votes cast by all of the Whistler Blackcomb shareholders eligible to vote at the meeting.
“This strategic combination provides compelling benefits for our shareholders, our resort and our community and we are pleased that our shareholders have voted in favor of this exciting step for Whistler Blackcomb,” said Dave Brownlie, Whistler Blackcomb’s Chief Executive Officer.
No further regulatory approvals are required in order for the transaction to close. The proposed combination remains subject to closing conditions, including approval by the BC Supreme Court. Subject to obtaining this approval and the satisfaction of customary other conditions (including applicable stock exchange approvals), the transaction is expected to close on Monday, October 17, 2016.