Vail Resorts Sale Off?

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SAM Magazine--Vail, Colo., August 4, 2004--Vail Resorts' quest to find a buyer has been put on hold, according to a story in the Denver Post and other sources. According to reports, the investment firm of KKR withdrew its bid, and the offer from Texas Pacific Group was well below VR's asking price.

Nobody from the companies involved has commented on the proposed deals, so details are difficult to come by. But unless TPG increases its offer or VR lowers its sights, it appears the proposed sale is off. \