Shares of Vail Resorts rose nearly 8 percent Monday after it agreed to buy Canadian resort operator Whistler Blackcomb for about $1.1 billion.
Vail would acquire 100 percent of the stock of Whistler, whose shareholders would receive 17.50 Canadian dollars per share in cash and 0.0975 shares of Vail’s common stock, Vail and Whistler said in a joint-press release. The total value is C$36.00 per share.
