SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of Intrawest Resorts Holdings, Inc. -SNOW
BALA CYNWYD, April 12, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Intrawest Resorts Holdings, Inc. (“Intrawest” or “the Company”) (NYSE- SNOW-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of Aspen Skiing Company, LLC and KSL Capital Partners, LLC (“KSL Capital”).
Under the terms of the transaction, Intrawest shareholders will receive only $23.75 in cash for each share of Intrawest stock they own. The investigation concerns whether the Board of Intrawest breached their fiduciary duties to shareholders and whether KSL Capital is underpaying for the Company. The transaction may undervalue the Company and would result in a loss or no real gain for many Intrawest shareholders. For example, shares of Intrawest stock traded at $25.58 per share on April 6, 2017 and the price being paid by KSL Capital is below an analyst price target of $27.00 per share.
If you own shares of Intrawest stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.