WILDWOOD, Mo. - Hidden Valley Resort is being sold.
Peak Resorts, headquartered in Wildwood announced Monday it is merging with Vail Resorts Incorporated for $11 per share.
According to a press release, both companies have approved the deal, valued at about $264 million.
Vail Resorts will take over peak resorts 17 ski resorts including Wildwood.
Shareholders must still approve the sale. The transaction, if approved, is expected to close this fall.