Aug 8 (Reuters) - Whistler Blackcomb Holdings Inc WB.TO :
* Vail Resorts and Whistler Blackcomb agree to strategic combination
* Whistler blackcomb shareholders would receive c$17.50 per share in cash and 0.0975 shares of vail resorts common stock
* Whistler Blackcomb holdings inc says transaction has been unanimously approved by whistler blackcomb board of directors
* Stock component determined by a baseline share exchange ratio of 0.0998 shares of vail resorts common stock
* Vail Resorts intends to finance cash component of deal through an expansion of its existing credit facility
* Aggregate stock component of offer is estimated to be c$715 million (usd$543 million)
* Deal for consideration having a total value of c$36.00 per share
* Aggregate cash component of offer is estimated to be c$676 million (usd$513 million)
* For full 2016-17 winter season, Whistler Blackcomb will continue to honor resort's existing season pass products
* Stock component adjusted for currency exchange rate changes if Canadian dollar is above or below $0.7765 six business days before deal closing
* Whistler Blackcomb will maintain its brand
* Upon closing Whistler shareholders collectively will own 10 percent of vail resorts outstanding common stock
* Whistler Blackcomb's relationship with Nippon cable will be unaffected and will continue after closing of transaction Source text for Eikon: ID:nPn3VgCK0a Further company coverage: WB.TO