liquidfeet
Ski Diva Extraordinaire
More here on that lawsuit that may slow down Vail's acquisition of Peak Resorts' holdings:
https://vtdigger.org/2019/09/04/inv...isition-of-peak-resorts-including-mount-snow/
For a quick summary, I found the following at: https://www.skiessentials.com/Chairlift-Chat/Top-Five-Fridays-September-6-2019? (scroll down to #3)
"With a vote to approve the acquisition scheduled for September 20th, shareholder John Field claims that insufficient and misleading information was provided to shareholders to hide elements of insider trading. While the details of the matter are too complicated to explain in full in this quick recap, the bottom line is that Mr. Field has reason to believe that a singular shareholder controlling 54% of Peak Resort’s voting rights had been given the ability to negotiate terms of the sale. As such, the deal is, or could be, structured to unfairly benefit that singular stock holder. This of course, amounts to a text book definition of insider trading."
https://vtdigger.org/2019/09/04/inv...isition-of-peak-resorts-including-mount-snow/
For a quick summary, I found the following at: https://www.skiessentials.com/Chairlift-Chat/Top-Five-Fridays-September-6-2019? (scroll down to #3)
"With a vote to approve the acquisition scheduled for September 20th, shareholder John Field claims that insufficient and misleading information was provided to shareholders to hide elements of insider trading. While the details of the matter are too complicated to explain in full in this quick recap, the bottom line is that Mr. Field has reason to believe that a singular shareholder controlling 54% of Peak Resort’s voting rights had been given the ability to negotiate terms of the sale. As such, the deal is, or could be, structured to unfairly benefit that singular stock holder. This of course, amounts to a text book definition of insider trading."