NEW YORK, April 13, 2017 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Intrawest Resorts
Holdings, Inc. ("SNOW" or the "Company") in connection with the
proposed acquisition of the Company by affiliates of the Aspen
Skiing Company, LLC and KSL Capital Partners, LLC (the
"affiliates"). Under the terms of the agreement, the
Company's shareholders will receive $23.75 in cash for each SNOW share they own.
WeissLaw is investigating whether SNOW's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $27.00, or $ 3.25
above the offer price. Additionally, the per-share
consideration is $2.03 lower than the
Company's 52-week high of $25.78.
Given these facts, WeissLaw is investigating whether SNOW's
Board acted in the best interests of SNOW's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own SNOW shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/intrawest-resorts-holdings-inc/
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SOURCE WeissLaw LLP