Intrawest SOLD!!!

Intrawest agrees to takeover bid (from the Globe and Mail)

http://www.globeinvestor.com/servlet/st ... 1/GIStory/

Resort company Intrawest Corp. agrees to US$2.8B takeover by investment group (from Canadian Press)

http://ca.news.yahoo.com/s/11082006/2/b ... tment.html

Fortress to buy Intrawest in $2.8 bln deal (from Reuters)

http://ca.news.yahoo.com/s/11082006/6/n ... -deal.html

Thanks for all the fish... :roll:

Or here:

http://www.firsttracksonline.com/index. ... le&sid=275

Dang, it's hard to break a story with Patrick around! :roll:

:wink:

U.S. investor offers $2.8 billion US for Intrawest (by CBC News)

http://www.cbc.ca/story/business/nation ... t-fri.html

Intrawest agrees to US$2.8B takeover

http://money.canoe.ca/News/TopPhoto/200 ... 80-cp.html

I think this is a bad thing.

In order to get a return, and pay for the buyout --- Private Equity shops just load up a company with debt. Then they take them public again.

This is what my MBA classmates do. That was who was hiring in 2000s.

No more money for chairlifts. Sad.