An investigation on behalf of investors of Intrawest Resorts Holdings Inc (NYSE:SNOW) in connection with the proposed takeover was announced and NYSE:SNOW stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 04/17/2017 --An investigation was announced for investors, who currently hold shares of Intrawest Resorts Holdings Inc (NYSE:SNOW), was announced concerning the takeover of Intrawest Resorts Holdings Inc.

Investors who purchased shares of Intrawest Resorts Holdings Inc (NYSE:SNOW) and currently hold any of those NYSE:SNOW shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of Intrawest Resorts Holdings Inc breached their fiduciary duties owed to NYSE:SNOW investors in connection with the proposed acquisition.

On April 10, 2017, Intrawest Resorts Holdings Inc announced that it has entered into an agreement to be acquired by a newly-formed entity controlled by affiliates of the Aspen Skiing Company, L.L.C. and KSL Capital Partners, LLC. Under the terms of the merger agreement, Intrawest Resorts Holdings Inc (NYSE:SNOW) stockholders will receive $23.75 in cash for each share of Intrawest common stock, representing a total valuation of approximately $1.5 billion including debt obligations to be assumed or refinanced net of cash at closing.

However, given that at least one analyst has set the high target price for NYSE:SNOW shares at $27.00 per share, the investigation concerns whether the offer is unfair to NYSE:SNOW stockholders. More specifically, the investigation concerns whether the Intrawest Resorts Holdings Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Intrawest Resorts Holdings Inc (NYSE:SNOW) closed on April 13, 2017 at $23.67 per share.

Those who are current investors in Intrawest Resorts Holdings Inc shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com