Whistler Going Public!
Grading 180 Midterm exams this weekend!! - YES, I do actually work sometimes! grin
From a Scotia Bank (Canada) email feed ...
From a Scotia Bank (Canada) email feed ...
Whistler is going
public! (Whistler website)
According to Bloomberg (and widely covered almost everywhere) U.S.
private equity giant Fortress Capital is preparing to unload $300 million of its
stake in the Canadian skiing and recreation mecca Whistler Blackcomb. Whistler
has been split away from the rest of the Intrawest holdings and Whistler
Blackcomb Holdings is taking it public. Fortress bought Intrawest in the summer
of 2006 for roughly $2.8 billion, including $950 million in debt. If the UK has
publicly traded pubs, perhaps it is fitting for Canada to have publically traded
ski hills and hockey rinks.
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