secwatch.observer — SEC 8-K summary
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Issuer:     Pursuit Attractions & Hospitality, Inc. (PRSU)
CIK:        0000884219
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001140361-24-043737
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viad Corp sells GES business for $535M, rebrand as Pursuit, change ticker to PRSU
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- Sale of GES to Truelink Capital for $535 million in cash, closing expected by end of 2024.
- Upon close, Viad will rename to Pursuit and change NYSE ticker to PRSU.
- Pursuit's 2023 revenue was $350M with Adjusted EBITDA margin of 26.4% and 3.5M visitors.
- Proceeds will retire $317M Term Loan B and fund growth via Refresh, Build, Buy strategy.
- David Barry to become CEO of standalone Pursuit; Steve Moster transitions to advisory role.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884219/000114036124043737/0001140361-24-043737-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884219/000114036124043737/ef20037484_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-043737

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer