In a surprise move, this week.
The buyout offer comes just days before the two companies head to trial over a lease dispute that could leave Vail in control of the Utah ski resort.
On Tuesday, Vail Resorts chief Rob Katz sent a , CEO of Park City Mountain Resort鈥檚 parent company. In the letter, he promised 鈥渇air market value for any of the assets you have that would be helpful for us in operating the resort.鈥
But Cumming responded that his company 鈥渨on鈥檛 agree to a Vail takeover.鈥 聽
鈥淲e have repeatedly made it clear to Vail that PCMR is interested in exploring all possible solutions that will preserve the independence of PCMR as the nation鈥檚 premier family ski resort,鈥 he wrote.
When Vail took over the operation of Canyons聽last year, it also inherited a lease dispute between Talisker Corporation and Park City Mountain Resort. Canada-based Talisker鈥攚hich owns Canyons and a large section of PCMR land鈥攁rgues that the family-owned resort failed to properly renew its lease.
PCMR disagreed and sued Talisker in 2012. The plot thickened last August when Vail Resorts demanding that PCMR get off Talisker-owned land. 聽
The fate of the Utah ski resort will ultimately be decided in the upcoming trial. District court hearings are scheduled for April 3 and 8.