Vail Resorts, Inc. (NYSE:MTN) agreed to acquire Australian Ski Resorts, Hotham and Falls Cree from Merlin Entertainments plc (LSE:MERL) for AUD 174 million on February 21, 2019. The acquisition includes the ski school, retail/rental, reservation and property management operations at both resort areas. The transaction is subject to regulatory approval and expected to close by June 2019. Net proceeds will be used for general corporate purposes. Gerry Bean of DLA Piper acted as legal advisor for Merlin Entertainments.

Vail Resorts, Inc. (NYSE:MTN) completed the acquisition of Australian Ski Resorts, Hotham and Falls Cree from Merlin Entertainments plc (LSE:MERL) on April 5, 2019.