Gibson's neighbor buys his Beartooth Ranch

Actor Mel Gibson has sold his 45,000-acre Beartooth Ranch in a multimillion-dollar handshake deal with a Montana neighbor, the buyers said.

Kent and Pam Williams said they signed the deed in the last week but said the agreement prevents either party from divulging the purchase price.

"Pam and I were worried that if it got in the wrong hands, the valley would be subdivided and split up," Kent Williams told The Billings Gazette, which reported the sale Sunday.

"We shared an awful lot of fence," Williams said. "He's been a real good neighbor."