Whistler shareholders approve acquisition by Vail; deal set to close Oct. 17

BROOMFIELD — Vail Resorts Inc. officials said this week that their $1.1 billion acquisition of the largest ski resort in North America, Whistler Blackcomb, is slated to close Oct. 17.

Shareholders of Whistler Blackcomb Holdings Inc. (TSX: WB) approved the deal on Wednesday. The transaction now remains subject only to closing conditions, including approval by the Supreme Court of British Columbia. But all other regulatory approvals have been attained.

Broomfield-based Vail Resorts (NYSE: MTN) — which owns Colorado resorts Vail, Breckenridge, Keystone and Beaver Creek — announced the deal to buy Whistler Blackcomb in August.

Vail is slated to pay $513 million in cash, and shareholders of Whistler Blackcomb Holdings are to receive $543 million in Vail Resorts stock.