TRK - 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.
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