Alterra Mountain Company entered into an agreement to acquire Arapahoe Basin in Colorado from Dream Unlimited Corp. (TSX:DRM) on February 5, 2024. This sale will result in after tax profit of $110 million before closing costs and adjustments.

The transaction is expected to close later in 2024, and is subject to certain closing conditions, including regulatory approvals. The proceeds will primarily be directed at repaying debt and maintaining financial flexibility, while a portion may be returned to shareholders in due course.