OTHER NEWS - Aug. 31, 1995

Bear Mountain Resort May Be Sold to Fibreboard: The Bear Mountain ski area outside Los Angeles may be sold to Fibreboard Corp., owner of two Tahoe resorts, making Fibreboard the largest ski operator in California, the company said. Vermont-based SKI Ltd. has reached an agreement in principle to sell the ski operations and golf related assets of Bear Mountain Ltd. to the Walnut Creek, Calif.-based building products manufacturer for $20 million, according to a statement. But there were still a number of details to be worked out before the deal is final, Martel Wilson, vice president and chief financial officer of SKI, said. The 690-acre resort is 70 miles east of Los Angeles near Big Bear Lake and is known for its warm-weather skiing. It has nine chair lifts, two surface lifts and extensive snow-making operations. SKI decided to sell the resort after eight years of ownership because it wanted to consolidate its holdings on the East Coast, Wilson said.