Mount Snow Completes Sale of Haystack

first_imgMount Snow Completes Sale of HaystackMOUNT SNOW, VERMONT – June 30, 2005 – Mount Snow Ltd. has announced thatit has completed the sale of Haystack Ski Resort in Wilmington, Vermont toagroup of local businesspersons known collectively as Tyringham Ridge.This is great news for community residents and businesses, said StanHansen, President and Managing Director of Mount Snow Ltd. Were hopingthat this investment triggers further investment within our Valley.Entered into on March 30, the Purchase and Sale Agreement provided for a$5,000,000 purchase price and included a two year right of first refusaloncertain non-operational lands owned by Mount Snow.This transaction allows us to fully concentrate our efforts on MountSnow,while encouraging Haystack to realize its full potential, commentedHansen.The synergy were working towards achieving is exciting.Under the terms of the agreement, Mount Snow Ltd. will continue to drawwater from sources at Haystack.Proceeds to Mount Snow Ltd. and American Skiing Company from the sale ofHaystack are expected to be used for additional liquidity, to fundcapitalexpenditures and reduce senior debt, each as permitted under AmericanSkiingCompanys senior credit facilities.###last_img read more

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United Kingdom has 19 confirmed cases of the new coronavirus

first_imgThe new coronavirus which emerged in Wuhan, China, in December has infected tens of thousands of people.The virus – which causes a disease now called COVID-19 – is transmitted from person to person via droplets when an infected person breathes out, coughs or sneezes. It can also spread via contaminated surfaces such as door handles or railings.Mainland China – where the virus originated late last year – reported 327 new cases, the lowest since Jan. 23, taking its tally to more than 78,800 cases with almost 2,800 deaths.Beyond China, about 70 people have died so far due to the virus. Topics : The United Kingdom now has 19 confirmed cases of the new coronavirus after Wales identified its first case and two new cases were found in England, health authorities said on Friday.”The total number of UK cases is 19,” the health ministry said.Britain reported its first confirmed coronavirus case on Jan. 31.last_img read more

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Yankees sign coveted ace Gerrit Cole to record $324M deal, reports say

first_imgCole, the 2019 Cy Young runner-up, just turned 29 and will presumably spend the remainder of his career (or close to it) in pinstripes. He is the biggest name starting pitcher acquisition for the Yankees since they signed CC Sabathia more than a decade ago, and a signal of intent from a team to this point unable to get over the hump with its current core. The Yankees have splurged on the top free agent available this offseason: Gerrit Cole.New York on Tuesday night agreed to a nine-year, $324 million deal with the ace right-hander, as first reported by Jon Heyman and later confirmed by others. Ken Rosenthal reported there a player option after the fifth year of Cole’s contract. MORE: Astros could move Carlos CorreaThe Angels were thought to be one of the main bidders for Cole and will now need to turn their attention elsewhere. Similarly coveted Stephen Strasburg re-signed with the Nationals earlier this week, further depleting the top-end pitching market. The Dodgers are also reportedly on the hunt for rotation help.Cole carries a 3.22 career ERA and has gotten better in his late-20s, striking out more than 12 batters per nine innings over his past two campaigns.last_img read more

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