BREAKING: Vail to acquire Peak Resorts for $264 million

BROOMFIELD, CO- Vail Resorts, Inc. today announced it has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Mount Snow's parent company, Peak Resorts, Inc., at a purchase price of $11.00 per share, subject to certain conditions, including regulatory review and Peak Resorts' shareholder approval.  Peak Resorts shares (SKIS) shot up by more than 112% to $10.82 on the news. 

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