OTHER NEWS - July 24, 1996

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. Colorado-based Vail said it did not anticipate significant staffing changes as a result of the merger, which is subject to U.S. Justice Department approval. St. Louis-based Ralcorp Holdings is the holding company for subsidiaries that make Ralston-branded cereals, Beech-Nut baby food and RyKrisp crackers.