M&A
confidence high
sentiment positive
materiality 0.90
Viad completes $535M GES sale, relaunches as Pursuit (PRSU); Barry named CEO
Pursuit Attractions & Hospitality, Inc.
- Completed sale of GES business to Truelink Capital for $535M ($510M at close plus $25M deferred).
- Relaunches as Pursuit Attractions and Hospitality, trading under PRSU on NYSE starting Jan 2, 2025.
- David Barry becomes President and CEO; Steve Moster transitions to advisor through March 1, 2025.
- Board reduced to 7 directors; Joshua Schechter appointed Chairman, Jill Bright and Beverly Carmichael committee chairs.
- Converted 135K shares of 5.5% Series A Preferred Stock into ~6.7M common shares; total shares outstanding ~28M.