Wilmington, VT - American Skiing Company (ASC) and its subsidiaries, Mount Snow Ltd. and L.B.O. Holding, Inc., today entered into a purchase agreement to sell Vermont's Mount Snow at New Hampshire's Attitash ski resorts to Peak Resorts, owners and operators of numerous Midwestern ski areas as well as Crotched Mountain ski area in New Hampshire. The purchase price is $73.5 million in cash, plus the assumption of approximately $2.0 million in debt and other liabilities.