OxyContin’s Sackler Family Cashes Out On Ski Resorts Sale To Vail ($87 Million)

OxyContin’s Sackler Family Cashes Out On Ski Resorts Sale To Vail ($87 Million)

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OxyContin’s Sackler Family Cashes Out On Ski Resorts Sale To Vail ($87 Million)

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Vail Resorts, Inc. announced yesterday that it is making moves to acquire all of Peak Resorts holding to the tune of $264 million. Thats a lot of cheddar and Forbes is reporting one major beneficiary of the acquisition is the Sackler family (family behind Purdue Pharma manufacturer of OxyContin).

The Sacklers invested in Peak Resorts as early as August 2015. In an annual proxy from October 2018 its largest shareholder was CAP 1 LLC, a company owned by Sackler brothers Richard and Jonathan. The Sacklers’ nearly 40% ownership stake, including preferred stock and stock warrants, is worth about  $87 million based on the transaction.

 

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