Vail Resorts (MTN) "is working with takeover-defense bankers to help it assess its vulnerabilities to everything from labor groups to an outspoken billionaire to Mother Nature itself, according to people familiar with the matter."; reports Semafor

"No activist investors have made a play for the company, shares of which are down 14% over the last year. But there are signs it is preparing for such an event: In May 2025, Vail brought back Rob Katz as CEO, ousting his hand-picked successor. Katz since then has taken a number of steps to improve customer complaints — especially around line length and labor shortages."