SnowWorld Leisure N.V. (ENXTAM:SNOW) signed a letter of intent to acquire SnowPlanet for approximately €6 million on January 28, 2014. SnowPlanet reported an annual revenue of €4 million for the year ending 2013. The deal is expected to close by early May. SnowWorld Leisure N.V. expects the transaction to have a positive impact on its profitability and earnings per share.

SnowWorld Leisure N.V. (ENXTAM:SNOW) cancelled the acquisition of SnowPlanet in the quarter ending on March 31, 2014. As per the study concluded for the transaction, SnowWorld found that the transaction wouldn't deliver the intended contribution to shareholder value.