The Eugene-based Pape Group is Mount Bachelor's largest shareholder, with 23% of the resort's 1,382 outstanding shares. The Pape Group has sent an undisclosed tender offer directly to Mount Bachelor shareholders in response to a similar action by Powdr Corp. after its purchase offer to the board of directors was rejected Jan. 9 in a 4-3 vote.

Randy Pape has said publicly he believes the ski resort should remain a Northwest-based company, and with nearly 25% of Mount Bachelor's stock already in hand, seemingly has an easier road ahead of him than Powdr Corp. Also in the mix now is Mount Hood Meadows of Portland, which has reportedly sent an offer directly to the board for nominally more than Powdr Corp. offered in hope that its local ownership would give it an advantage.

The second-largest stockholder with 14% of outstanding shares is Beverly Healy, widow of Bill Healy, the founder of Mount Bachelor. Other significant shareholders include the Stevenson family of Bingen, Wash., and other members of the Healy family. All told, there are some 200 individual shareholders.