Oasis Capital weighs proxy fight at Vail Resorts

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Activist Oasis Capital Management is weighing a proxy fight at Vail Resorts, according to a Semafor report. The activist holds 7.9% of Vail's stock and could seek board changes and push for divestitures of the company's mountain properties. The report follows news that Vail has engaged takeover-defense bankers to assess vulnerabilities, with some conversations focused on outside interest in its mountain assets. Among potential buyers, Cloudflare CEO Matthew Prince has publicly expressed willingness to invest $500 million in Park City Mountain Resort. Vail CEO Rob Katz has been skeptical of the asset-light model Prince advocates, stating he is not a fan of that approach for the company. Shares of Vail Resorts closed Thursday up 11.3% at $144.63 on heavy volume.