$2.8B buyout by Fortress Investment Group

• $35.00 per share

Owner of Whistler Blackcomb and other ski resorts

Announced 8.11.06

• Press release
• Form 8-K

Sale process started in February

• Following  pressure from hedge fund investor, Pirate Capital
• Hired Goldman Sachs

Deal will require a two-thirds vote

Closed 10.26.06

• Form 15
• Form 25

Letters to Board

• Pushes sale of company 3.01.06

• Believes company to be worth $45 per share

Schedule 13D filings

• Amendment 10  6.26.06
• Amendment 9    5.19.06
• Amendment 8    5.01.06
• Amendment 7    4.18.06
• Amendment 6     3.02.06
• Amendment 5    2.09.06
• Amendment 4   12.16.06
• Amendment 3   10.18.05
• Amendment 2    7.25.05

Financial

• Fortress: Lehman Brothers
• Intrawest:  Goldman Sachs / Capital West Partners

Advisors

• Fortress: Skadden / Goodmans
• Intrawest: McCarthy Tetrault
• Special committee:  Farris Vaughan

Agreements

• Merger agreement

• Option assumption agreement (Scroll down)

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