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Here's the Ski Area Management article.
Sutton Shareholders Approve RyanGroup Purchase Offer (Updated)
SAM Magazine—Sutton, Que., March 9, 2016—The sale and purchase of Mont SuttonSki Area is now complete. Today, the Superior court has confirmed theacquisition of Ski Sutton Inc. by Jean-Michel Ryan, Pierre Chesnay and SylvainGervais for C$7.5 million. This amount includes the purchase of all Ski SuttonInc. shares, the debt and other entities related to the Boulanger family.During a Ski Sutton Inc. shareholders meeting Tuesday, 97 percent of those inattendance voted to approve an offer by a group of local investors to purchasethe company, which includes Mont Sutton Ski Area.The ski area was founded by the Boulanger family in 1960, and they have beenmajority stakeholders ever since. “[We] appreciate the confidence and trustmarked from the Boulanger family and from all the shareholders, who haverecognized the quality of our offer and accepted it. We would like to thank allof those who supported us throughout the process,” Ryan said.“Since we concluded the agreement with Ryan’s group on Jan. 26, 2016, we neverstopped believing that this offer is the best for the future and thedevelopment of the mountain,” said Hercule Boulanger. “The offer meets all ofour wishes for the mountain. It respects the community, the employees, the shareholders,and the customers of Mont Sutton. We are happy to leave the mountain to thisgroup.”
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