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Intrawest SOLD

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SkiSundownJibber
Posts: 1013 - Karma: 19
Intrawest sold itself to a private equity fund for $2.8 billion this morning after Pirate Capital, a dissident hedge fund and IDR's largest shareholder, put pressure on management to sell the company to the highest bidder.
Aug 11 2006 5:28PM
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skisebski
Posts: 5970 - Karma: 21
doesnt seem like much...
Aug 11 2006 5:32PM
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Ghst
Posts: 5820 - Karma: 10
I don't really care
Aug 11 2006 5:52PM
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wdbo.
Posts: 4935 - Karma: 173
whats intrawest?
Aug 11 2006 5:52PM
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Edward.
Posts: 9366 - Karma: 445
you mean the company that like, owns whistler?
Aug 11 2006 5:54PM
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ATLANTASKI
Posts: 6009 - Karma: 11
that sounds like a huge fucking baragain
Aug 11 2006 5:55PM
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BLKOUT
Posts: 1287 - Karma: 20
does that mean changes for all Intrawest resorts?
Aug 11 2006 6:15PM
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KillerMonkey
Posts: 6436 - Karma: 109
Yup, they're banning all terrain parks
Aug 11 2006 6:16PM
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nickmcnutt
Posts: 4396 - Karma: 2,966
theres no way your serious...
by teh way tehy also own tremblant, sun peaks, panorama, mont st. anne, and a bunch in the states besides whistler blackcomb
Aug 11 2006 6:20PM
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BeerGoggles
Posts: 712 - Karma: 11
The company who bought them(I cant remember the name, its just 1 word...) is also assuming all of Intrawest's debt, which is something like >$1 billion. They are offering $35/share which is a good deal(the only reason the shares are over that right now is because of the announcement of the offer). Oh and also it hasent actualy been sold yet, its just an offer; no one has accepted it.
Aug 11 2006 6:21PM
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BeerGoggles
Posts: 712 - Karma: 11
No way they own mont st-anne... st-anne is with Stoneham
Aug 11 2006 6:24PM
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nickmcnutt
Posts: 4396 - Karma: 2,966
sorry, my bad
who owns sunshine? its not RCR...
Aug 11 2006 6:25PM
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rossignol123@
Posts: 45 - Karma: 26
RCR owns ste-Anne & stoneham
Aug 11 2006 7:09PM
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skibunnie
Posts: 1756 - Karma: 14
umm actually they don't won sun peaks or st anne. however, they do own whistler/blackcomb, panorama, blue mountain, tremblant, as well as large parts of the villages/towns surrounding each resort. also several ski, sun, and golf resorts worldwide.
Aug 11 2006 7:41PM
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Edward.
Posts: 9366 - Karma: 445
they own blue mtn in ontario and mtn creek too
Aug 11 2006 7:55PM
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720laxskier
Posts: 2428 - Karma: 5
i was gonan add mtn creek
Aug 11 2006 10:43PM
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Shadows
Posts: 8068 - Karma: 43
camelback too i think.
Aug 11 2006 10:54PM
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jonnydub
Posts: 940 - Karma: 10
in the states they own Mammoth, Copper Mtn, and Winter Park
Aug 11 2006 10:56PM
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JazzyJ
Posts: 3233 - Karma: 18
no they dont
Aug 11 2006 11:41PM
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MLB
Posts: 4462 - Karma: 298
I am pretty sure they don't own mammoth...... and they woun't take away parks. Parks are making fuck loads of money right now. Why would you take away one of your biggest money maker.
Aug 12 2006 12:07AM
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lalalalaura
Posts: 6753 - Karma: 68
way too cheap. 2.8 billion? just seems a little low
Aug 12 2006 12:12AM
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jonnydub
Posts: 940 - Karma: 10
you are wrong. according to their website about the places they own they do.
http://www.intrawest.com/about-us/our-playgrounds/index.htm
Aug 12 2006 12:18AM
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stevel
Posts: 1302 - Karma: 19
i hope this means good changes for tremblant
Aug 12 2006 12:28AM
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CTripper
Posts: 6520 - Karma: 20
also stratton, i hope those greedy mother fuckers stop charging so much for a lift ticket. or whatever, i hope their company tanks
Aug 12 2006 12:59AM
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dilla_says_go
Posts: 5333 - Karma: 168
i might be on crack but i think they are developing in stowe and killington in the coming years.
Aug 12 2006 7:14AM
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Go_Home_Aussies
Posts: 93 - Karma: 10
don't forget squaw valley
Aug 12 2006 10:27AM
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MLB
Posts: 4462 - Karma: 298
Yeah, that is new though i think. Their site is WAY WAY different then it used to be.
Aug 12 2006 11:05AM
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PN
Posts: 186 - Karma: 10
they only own the village at Squaw, not the hill. And the land in the village that they bought has a bunch of fuel tanks that they weren't informed about, so they have to dig those all out for environmental reasons.
Aug 12 2006 11:12AM
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Sk3bUm
Posts: 2517 - Karma: 297
i agree. don't they own all types of resorts all over the world like in japan and shit too? i also think they own a couple of resorts on some islands don't they?
Aug 12 2006 12:38PM
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triebby
Posts: 8670 - Karma: 2,190
i highly doubt that one of american ski co.'s biggest rivals would do their resort development for them.
Aug 12 2006 12:45PM
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boakster
Posts: 28 - Karma: 10
intrawest was sold to Fortress Investment Group. These peeps baught out michealjacksons debt of 270 billion so intrawest is chump change to them. The operating plan is the exact same, buisiness as usual. p.s. intrawest recently sold mammoth but still ownes all the real estate. Who cares anyways, as long as we can still rip it up.
Aug 12 2006 12:46PM
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kzittle
Posts: 296 - Karma: 140
they own all sorts of places all over. safari's in africa, trips in antarctica, asia, australia just to name a few
Aug 12 2006 12:53PM
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4frntSkier
Posts: 4008 - Karma: 143
i wonder what will change
Aug 12 2006 1:44PM
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[lineskier]820
Posts: 923 - Karma: 11
theve knda fucked up creek, with this huge ass hotel condo place mountainside which once its finished will make creek insanely crowded, and they cahrge a shitload for food there
Aug 12 2006 1:52PM
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SteezePatrol
Posts: 10281 - Karma: 36
I hear that they are now cutting costs and staff discounts from intrawest owned shops will now be a thing of the past.
Aug 12 2006 1:53PM
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skier_boy26
Posts: 11295 - Karma: 502
they own the new village if im not mistaken. not the mountain itself
Aug 12 2006 6:31PM
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Jake...
Posts: 11976 - Karma: 296
intrawest owned blue mtn too.

Aug 12 2006 7:30PM
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holyDINOSAURS
Posts: 7038 - Karma: 639
yeah theres no way they would change any business workings. it's too much of a cash cow the way it is. no worries there. I'm just a little sad that my beloved (although evil conglomerate) vancouver based Intrawest is now going to be owned be an even bigger evil conglomerate from new york
Aug 12 2006 8:09PM
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Justo8484
Posts: 3905 - Karma: 205
creek's a crowded mess, and its been since before the hotel was built
Aug 13 2006 1:45AM
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cobra_commander
Posts: 16909 - Karma: 4,687
It actualy has not been sold yet just an offer was made, then the share holders vote on it, and if it sells each share holder get $35 bucks a share.
Aug 13 2006 1:56AM
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monkeysteez
Posts: 2655 - Karma: 99
They dont own winter park they manage it.
Aug 13 2006 2:00AM
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cobra_commander
Posts: 16909 - Karma: 4,687
Believe me Intrawest is not in the managing business they either own it or not conected to it.
Aug 13 2006 2:26AM
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KillerMonkey
Posts: 6436 - Karma: 109
mt. Creek has been sucking balls since forever, all the grubby new york tourists that get in the way make the line forever.
Aug 13 2006 2:41AM
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sexy_skier_babii
Posts: 2490 - Karma: 15
i hate intrawest, they ruined winterpark. i hate that company there just going to ruin every left over ski area.
Aug 13 2006 2:49AM
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ag.
Posts: 694 - Karma: 18
i guess thats good news than for a someone that used to live in whistler
Aug 13 2006 4:57AM
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KRASHED
Posts: 7803 - Karma: 466
I hope they don't screw around with Blue Mountains development because that place is becoming Ontario's only hope for half decent skiing.
Aug 13 2006 9:10AM
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SkiSundownJibber
Posts: 1013 - Karma: 19
No, it's not just a bid. the board and shareholders support the deal; intrawest is SOLD. And the company that bought it is a private equity firm called Fortress
Aug 13 2006 10:23AM
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boakster
Posts: 28 - Karma: 10
if you want to know check it out. can't trust the rumors! http://www.theglobeandmail.com/servlet/story/LAC.20060812.RINTRAWEST12/TPStory/?query=intrawest+sold
Aug 13 2006 10:31AM
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jayamait
Posts: 2567 - Karma: 1,347
yeah i agree.
Aug 13 2006 11:00AM
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cobra_commander
Posts: 16909 - Karma: 4,687
I know people that own their stock and they have not voted on it yet so it is not sold yet. And after the stock holders say it is a good deal then they work it out believe me the company will not be sold untill october or november.
Aug 13 2006 12:56PM
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monkeysteez
Posts: 2655 - Karma: 99
No man get your shit straight. The city of DENVER owns Winter Park. You dont know shit. MY SOURCE: http://query.nytimes.com/gst/fullpage.html?sec=travel&res=9C05E4DD1739F932A05750C0A9629C8B63
...the New York Times of course
Aug 13 2006 1:10PM
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