Two of North America’s biggest ski resort operators are combining in a C$1.4 billion ($1.05 billion) deal that allows them to benefit from currency swings on either side of the U.S.-Canada border and offers stability as climate change becomes a bigger issue.

Vail Resorts Inc. (NYSE: MTN), which owns ski destinations across the U.S., agreed to buy Canada’s Whistler Blackcomb Holdings Inc. (TSE: WB), operator of North America’s biggest and busiest ski resort, for C$17.50 a share in cash and 0.0975 shares of Vail stock, according to a  statement. The deal has a total value of C$36 a share, or 43 percent more than Whistler Blackcomb’s closing price on Aug. 5.

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