Ralcorp’s Vail stock now up for grabs
VAIL ” Ralcorp Holdings, Inc., which owns 7.55 million shares of Vail Resorts stock, now has the ability to sell that stock on the open market.
Vail Resorts stock closed at a record high Monday of $33.45.
According to an amended shareholder agreement filed last week with the U.S. Securities and Exchange Commission, Ralcorp Holdings no longer needs to give Vail Resorts first right of refusal ” or ability to buy ” the stock if it wants to sell it.
Ralcorp, which sold its interests in Breckenridge, Keystone and Arapahoe Basin to Vail Resorts in 1997, holds about 20 percent of Vail Resorts’ stock, worth nearly $250 million. (The U.S. Department of Justice later required Vail Resorts to sell Arapahoe Basin.)
Ralcorp chief executive Joe Micheletto and board chairman William Stiritz sit on Vail Resorts’ board of directors. Vail Resorts and Ralcorp declined to comment on the filing.
Participate in The Longevity Project
The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.