NEW YORK, July 22, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Peak Resorts,
Inc. ("SKIS" or the "Company") (NASDAQ: SKIS) in connection with
the proposed acquisition of the Company by Vail Resorts, Inc.
(NYSE: MTN). Under the terms of the agreement, SKIS
shareholders will receive $11.00 in
cash for each SKIS share they own.
If you own SKIS shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our website
http://www.weisslawllp.com/peak-resorts-inc/
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WeissLaw is investigating whether SKIS' Board acted to
maximize shareholder value prior to entering into the merger
agreement. Notably, the Company recently announced
record-breaking financial results. It reported revenue of
$184.42 million for the year ended
April 30, 2019, representing an
increase of $52.76 million over the
$131.66 million reported in the
same period of the previous year. According to SKIS'
President and CEO, "[f]iscal 2019 was a record year for [SKIS] . .
. Revenue and Reported EBITDA grew 53% and 72% year over year in
the fiscal 2019 fourth quarter, respectively, as we generated
organic revenue and Reported EBITDA growth of a respective 11% and
14%."
Given these facts, WeissLaw is concentrating its investigation
on whether the merger enhances SKIS' shareholder value.
Specifically, WeissLaw is concerned whether SKIS' Board conducted a
fair process in agreeing to the proposed merger, whether the
proposed merger undervalues the Company, and whether all material
information related to the proposed merger is fully and fairly
disclosed.
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
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SOURCE WeissLaw LLP