SAM Magazine-Denver, Oct. 23, 2007-After Vail spent approximately $2 million in an attempt to prevent the American Skiing Company (ASC) from selling The Canyons ski resort to Talisker Corporation, a Denver judge has backed Talisker and ASC and nixed VR's attempts to stop the sale.

ASC now plans to proceed with the sale to Talisker, and anticipates that the deal will close before the end of 2007. "As a party that has not been accused of any wrongdoing in this matter, we are very pleased with the District Court's decision to allow the sale of The Canyons to go forward," said ASC president and CEO B.J. Fair. "We will continue to work closely with Talisker to satisfy all remaining conditions to the closing of our sale."

"While we remain interested in The Canyons resort and are disappointed in the outcome of the preliminary injunction hearing, we respect the court's decision," said Rob Katz, chief executive officer of VR, according to the Vail Daily. Katz added, "We will continue to pursue our legal rights related to this matter," though it was not clear what those rights might be.

The Canyons is slated to open for the winter season on Nov. 17. \

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