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21 October 2016

Whistler Blackcomb Holdings Inc. and Vail Resorts, Inc. Complete $1.4 Billion Strategic Combination

On October 17, 2016, Whistler Blackcomb Holdings Inc. and Vail Resorts, Inc. completed a strategic combination worth approximately $1.4 billion.  Pursuant to the transaction, Vail acquired all of the issued and outstanding shares of Whistler for consideration of $36 per share payable in cash and shares.  For tax purposes, Whistler shareholders were able to elect to receive exchangeable shares in a Canadian subsidiary of Vail instead of Vail shares.  The transaction was structured as a plan of arrangement.

The Special Committee of Whistler was represented by Farris, including Trevor Scott, Teresa Tomchak, Robert Veitch and Sean Galloway.

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