VAIL – Booth Creek Ski Holdings Inc. said Monday that the buyout of the company by founder and chairman George Gillett and two other principals is complete.
Vail-based Booth Creek also closed Monday on the sale-leaseback of four of its resorts: Northstar Resort and Sierra Resort in northern California, Loon Mountain in New Hampshire and the Summit-at-Snoqualmie in Washington with CNL Income Properties Inc.
Orlando, Fla.-based CNL, a real-estate investment trust, will lease the four properties back to Booth Creek under long-term agreements.
MORE BRIEFS
MONTROSE
Carrier will add summer Dallas route
American Airlines regional affiliate American Eagle plans to begin flying daily between Montrose Regional Airport and Dallas/Fort Worth International Airport during the summer.
American Eagle announced Monday it will fly the route June 14 to Sept. 4 on a 70-seat Canadair CRJ-700 regional jet, building on American and American Eagle’s winter service.
DENVER
Frontier seeks new route: Dallas-Mazatlán
Frontier Airlines has applied for Department of Transportation permission to fly between Dallas/Fort Worth International Airport and Mazatlán starting in June.
The Denver-based carrier wants to fly the route with its 132-seat Airbus A319 aircraft two to three days per week during peak season.
BOULDER
Trust seeks shares
of Putnam California
The Mildred B. Horejsi Trust, which owns a stake in Boulder Investment Advisers, announced Monday it has submitted a $65 million tender offer to purchase outstanding shares of the Putnam California Investment Grade Municipal Trust.
The Horejsi trust offered $14.16 per share in cash for the closed-end fund, which trades on the American Stock Exchange under the ticker PCA. The Putnam fund largely holds state and local municipal bonds in California.
THE WOODLANDS, Texas
Anadarko expects
to fire at least 500
Anadarko Petroleum Corp., a U.S. oil and natural-gas producer that made $22.5 billion in acquisitions last year, including Denver-based Western Gas Resources, said it expects to fire at least 500 workers as it sells assets and refocuses operations.
The expected firings would occur by May 30, according to a letter from Preston Johnson, vice president of human resources, filed with the Texas Workforce Commission.
SAN FRANCISCO
Gap fires CEO, who will get $14 million
Gap Inc. dumped Paul Pressler as chief executive Monday after a year of broken promises that culminated in a dismal holiday shopping season.
Pressler, Gap’s CEO since September 2002, will receive a $14 million severance package as he walks away from the turmoil that has raised questions about the company’s future.
ATLANTA
Judge won’t block Nardelli severance
A Superior Court judge Monday denied a request by a group of Home Depot Inc. shareholders to temporarily block the world’s largest home-improvement chain from paying former chief executive Bob Nardelli any more of his $210 million severance package.
Judge Craig Schwall denied the request for a restraining order but ruled that several senior officers and directors of the company, including Nardelli, will be subject to depositions.
WASHINGTON
Treasury auctions
$31 billion in T-bills
The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 4.995 percent and an additional $14 billion in six-month bills at a rate of 4.965 percent.
A three-month, $10,000 bill sold for $9,873.74, while a six- month bill sold for $9,748.99.
