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REAL ESTATE
July 21, 1985
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.
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REAL ESTATE
July 21, 1985
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.
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BUSINESS
July 24, 1996 | Times Staff and Wire Reports
Vail Resorts to Buy Ralcorp Unit: Vail Associates Inc., owner and operator of the Vail and Beaver Creek ski resorts, said it will acquire Ralcorp Holdings Inc.'s ski and resort operations for about $310 million. Under the agreement, Vail Resorts would assume $165 million of Ralcorp debt and Ralcorp will get about 25% of the combined company, which would have five resorts within a 40-mile radius and annual revenue of about $300 million.
BUSINESS
June 26, 1991 | From Associated Press
Gillett Holdings Inc. agreed Tuesday to file for Chapter 11 bankruptcy reorganization, three months after creditors sought an involuntary filing. The move will give the company time to restructure its $1-billion debt while continuing to operate Vail and Beaver Creek ski resorts, meatpacking and broadcasting businesses, said Gary Holmes, a spokesman for Denver-based Gillett. In the 1980s, Gillett issued junk bonds with the help of Drexel, Burnham Lambert Inc.
SPORTS
November 30, 1989 | BOB LOCHNER
Skiing is breaking out all over the West this week as a result of last weekend's storm and the cold temperatures in its wake. In the Southland, all three major Big Bear Lake ski areas--Bear Mountain, Snow Summit and Snow Valley--opened for the season Wednesday, and they will be joined today by Mountain High, near Wrightwood.
NEWS
January 11, 1998 | JUDITH KOHLER, ASSOCIATED PRESS
Goldie Hawn and Kurt Russell. Gerald Ford. Oprah Winfrey. Tom Cruise. Harrison Ford. Julia Roberts. Michael Milken. They are just some of the rich and famous who live the high life in such rarefied resort areas as Aspen, Vail, Jackson, Lake Tahoe, Taos and Sun Valley. Jim Brooksher, Kaye Ferry, Joe Montoya, Dave Richardson, Brad Jones and Mary Jane Dewhurst. Although not famous, they are vital to resort communities from the snowy slopes of the Rocky Mountains to the balmy beaches of Hawaii.
BUSINESS
December 2, 1986 | BRUCE HOROVITZ
Nineteen-year-old Lisa Beam tagged along with her boyfriend late last summer to ogle motor scooters at the local Yamaha dealer. Beam, who delivers pizzas full time in her hometown of Garden City, S.C., noticed a sweepstakes entry form. She filled it out, plopped it in a bin, and forgot about it quicker than you can say pepperoni with mushrooms. Until a few weeks ago. That's when she received a phone call saying that she had won the grand prize--an appearance in a rock video.
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