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BROOMFIELD (AP) - Vail Resorts has boosted its offer for The Canyons ski resort in Utah.
According to a filing with the Securities and Exchange Commission, Broomfield-based Vail Resorts sent a letter Monday to the board chairman of American Skiing Company, which owns The Canyons.
Vail said that in addition to its previous $110 million cash offer, it also would offer a 30 percent interest in net cash flow arising from real estate rights that would be transferred in the sale.
Vail Resorts estimates the stake could produce up to $650 million for American Skiing Company through 2020.
Vail is trying to overtake a rival $100 million offer from an affiliate of Toronto-based Talisker Corporation.
According to a filing with the Securities and Exchange Commission, Broomfield-based Vail Resorts sent a letter Monday to the board chairman of American Skiing Company, which owns The Canyons.
Vail said that in addition to its previous $110 million cash offer, it also would offer a 30 percent interest in net cash flow arising from real estate rights that would be transferred in the sale.
Vail Resorts estimates the stake could produce up to $650 million for American Skiing Company through 2020.
Vail is trying to overtake a rival $100 million offer from an affiliate of Toronto-based Talisker Corporation.
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