Tweet
Rocky Mountain News
March 1, 2007
American Skiing Co. has completed its previously announced deal to sell Steamboat Ski Resort to Canada’s Intrawest, the company disclosed in a regulatory filing.
Total proceeds received by the Park City, Utah-based American: $239 million, after adjusting for debt assumed by the buyer and other factors.
American struck a deal to sell Steamboat to Intrawest for $265 million back in December. It said it has paid off much of its debt with the money received from selling its largest ski area holding.
March 1, 2007
American Skiing Co. has completed its previously announced deal to sell Steamboat Ski Resort to Canada’s Intrawest, the company disclosed in a regulatory filing.
Total proceeds received by the Park City, Utah-based American: $239 million, after adjusting for debt assumed by the buyer and other factors.
American struck a deal to sell Steamboat to Intrawest for $265 million back in December. It said it has paid off much of its debt with the money received from selling its largest ski area holding.