Merger Arbitrage Mondays – Vail Resorts Acquires Peak Resorts At A Huge Premium
Merger activity increased last week with five new deals announced and three pending deals closing. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There was one new deal announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Peak Resorts (SKIS) by Vail Resorts (MTN) for $671.37 million or $11.00 per share in cash. Vail agreed to pay a sizable premium of 116% to acquire Peak Resorts.
- The acquisition of Condor Hospitality Trust (CDOR) by NexPoint Hospitality Trust for $318 million or $11.10 per share in cash.
- The acquisition of Old Line Bancshares (OLBK) by WesBanco (WSBC) for $500 million in an all stock deal. Under the terms of the agreement, Old Line stockholders will be entitled to receive 0.7844 of a share of WesBanco common stock for each share of Old Line common stock they own.
Only plus or premium subscribers can access this post. Subscribe today.
