Saturday, 23 August 2014
Last updated 23 hours ago
Feb 19 2010 | 1:13pm ET
Creditors of a winter resort company owned by Fortress Investment Group won’t be selling its most high-profile asset just yet.
The Whistler Blackcomb Resort in British Columbia was set to go on the auction block yesterday, even as it is hosting the Winter Olympics’ alpine events. But a deal between Fortress and its creditors gives the New York-based alternative investments giant another week to reach an agreement with lenders that have declared it in default on US$524 million in debt payments.
But Intrawest, the resort owner, isn’t out of the Olympic woods just yet: Its creditors have set a new auction for Feb. 26—next Friday—two days before the Olympics’ closing ceremony in Vancouver.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note