Vancouver-based resort developer Intrawest
received Canadian government approval for its sale to private
investment firm Fortress Investment Group at $35 a share or $2.76
billion in cash and debt. The transaction was expected to close by
Oct. 27.
Intrawest owns 10
North American resorts, including Whistler Blackcomb in Whistler,
B.C., and Sandestin Golf and Beach Resort in Destin, Fla., as well
as tour operators Abercrombie & Kent and Canadian Mountain
Holidays.
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the reporter who wrote this article, send e-mail to David Cogswell
at [email protected].