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Vail Resorts Inc

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BUSINESS
January 4, 1997 | Times Staff and Wire Reports
Vail Resorts Inc. won federal antitrust approval to buy two of the three ski resorts it planned to buy from Ralcorp Holdings Inc., clearing the way for creation of the world's largest ski resort company. Vail Resorts, in a settlement with the Justice Department, will be able to buy Ralcorp's two largest resorts--Breckenridge and Keystone--as long as it sells Arapahoe Basin to settle antitrust concerns. Arapahoe is the smallest of the three resorts, located about 100 miles from Denver.
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BUSINESS
March 27, 2002 | Bloomberg News
Vail Resorts Inc. agreed to buy the Heavenly Ski Resort near Lake Tahoe on the Nevada-California border from American Skiing Co. for $96million to $99 million in cash. Vail, which owns resorts in Vail and Beaver Creek, Colo., said it will spend $25 million over the next five years to replace lifts, add restaurants and improve the snowmaking system at Heavenly. Vail, Colo.-based Vail Resorts shares rose 45 cents to $21.40, and American Skiing shares were unchanged at 26 cents, both on the NYSE.
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NEWS
November 8, 2000 | From Reuters
A skier goes on trial this week, accused in a manslaughter case of allegedly killing another skier three years ago in a high-speed collision on the slopes, in what is said to be the first criminal trial of its kind in the U.S. "This case is unique in that for the first time a jury will decide the facts in a ski death," said Eagle County Dist. Atty. Michael Goodbee, who is prosecuting the case. "A jury in this community needs to hear all the details."
BUSINESS
December 24, 1999 | Bloomberg News
A white Christmas is warming the hearts of Vail Resorts Inc. shareholders. Vail's stock (ticker symbol: MTN) has risen 28% in the last three weeks as heavy snowfall in Colorado appears to have salvaged the season for the biggest U.S. ski resort operator. The shares climbed from an eight-month closing low of $15.94 on Dec. 2 to $20.38 Thursday on the NYSE. By comparison, the Russell 2,000 index of smaller stocks rose just 5% in the last three weeks.
BUSINESS
February 22, 2012 | By Hugo Martin
Vail Resorts Inc., one of the largest ski resort operators in North America, has agreed to spend $18 million to acquire Kirkwood Mountain Resort along with undeveloped land at the base of the mountain in Lake Tahoe. The deal would give Vail ownership of three of the seven major resorts around Lake Tahoe: Heavenly, Northstar and now Kirkwood. Lake Tahoe on the California-Nevada border is encircled by seven major ski resorts and several smaller ski and cross-country operations in the Sierra Nevada.  Vail Resorts, a publicly traded company, is considered among the largest resort owners in North America.
CALIFORNIA | LOCAL
December 26, 1996
"Vail Buys Colorado!" screams the headline in the current edition of a popular skiing magazine. It was a spoof, of course, but one with a smidgen of reality. Vail Resorts Inc., operator of the ski area that is often ranked No. 1 in North America, has proposed buying up three nearby competitors--Keystone, Breckenridge and Arapaho Basin--for $300 million. If the sale goes through, Vail will wind up with more than 40% of Colorado's ski market.
BUSINESS
August 2, 1997 | From Reuters
The "Beast of the East" is moving West. American Skiing Co. on Friday agreed to buy two Western ski resorts for $288 million in a deal that would make it the biggest ski resort operator in the United States. American Skiing agreed to buy Steamboat Ski Resort in Steamboat Springs, Colo., and Heavenly Ski Resort in Lake Tahoe on the California-Nevada border from Kamori International Corp., a closely held company that also owns hotels in Japan and has assets at a French ski resort.
NEWS
April 13, 2012 | By Chris Erskine, Los Angeles Times Staff Writer
Costumed runners will splash and crawl through two dozen mud and water obstacles at the Temecula Mud Run April 21. The inaugural event will be at Galway Downs, a 260-acre equestrian events center just east of Temecula off of Highway 79S. Entry fees are $60 for adults and $20 for kids ages 5 - 17. For more information or to sign up, click here . . . . Mountain High Resort in Wrightwood reopens Saturday and Sunday from 9 a.m. to...
BUSINESS
January 29, 2000 | DAVAN MAHARAJ, TIMES STAFF WRITER
Aurora National Life Assurance Co., a Santa Monica-based insurer that has come under legal attack for its role in the takeover of the assets of defunct Executive Life Insurance Co., is putting itself up for sale. Aurora officials have been negotiating a deal with Swiss Re, a Zurich, Switzerland-based firm, that would divest the insurer of its $4.4 billion in assets and 180,000 life policyholders, sources say. Officials of both companies declined to comment.
BUSINESS
January 22, 2007 | Ashley Surdin, Times Staff Writer
Ritz-Carlton is returning to Rancho Mirage with a hotel designed to grab a coveted five-star designation, currently lacking among the region's many high-end properties. It's a sign of the changes underway in the Palm Springs area, where several hotels are getting face-lifts to lure visitors year-round, travel experts say. Come December, Ritz-Carlton will open a hotel in the foothills of Rancho Mirage, with an affiliated spa and condominiums to follow.
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