BEND, Ore. — Mount Bachelor ski resort shareholders have approved a merger with Powdr Corp. following a delay by a lawsuit.
The shareholders, including Utah-based Powdr Corp., originally met June 15 but delayed the vote to study a $15 million lawsuit filed by Pape Group of Eugene, Ore., said Jim Petersen, attorney for Mount Bachelor.
Pape Group, led by former Mount Bachelor President Randy Pape, claims part of a merger agreement is unfair to those who hold multiple shares of stock.
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The large majority of approval in a shareholder vote on Wednesday eliminated the last obstacle to the merger, Petersen said.