An investor in Vermont resort Mount Snow’s parent company, Peak Resorts, wants to stop a vote on whether to merge with Vail Resorts unless more information is disclosed.
The Brattleboro Reformer reports that the lawsuit accuses Peaks Resorts executives and directors of violating securities rules for required statements while soliciting shareholder votes. It seeks to stop the $463.6 million transaction, which is anticipated to close this fall.
In July, Peak Resorts announced it entered a merger agreement for Vail Resorts to acquire all 17 of their resorts.
The federal suit was filed Thursday in federal court in Missouri, where Peak Resorts has executive offices in Wildwood. The company has not yet filed a response in court.