Vail Associates Inc., owner and operator of Vail and Beaver Creek ski resorts, has announced that WEF Inc. has signed a conditional contract to purchase controlling interest in it, with closing to occur later this summer after satisfaction of contingencies.
The buyer will purchase the stock held by Goliad Oil & Gas Co., principal Vail Associates stockholder, paying $34 7/8 per share for 700,769 shares of common stock and $2.5 million for 500 shares of preferred stock, and proposes to acquire the remaining common stock at the same price per share.
