m_and_a
confidence high
sentiment neutral
materiality 0.65
Pursuit Attractions and Hospitality agrees to sell Flyover flying theater business for $78.4M
Pursuit Attractions & Hospitality, Inc.
- Purchase price of $78.4M in cash, subject to post-closing adjustments for debt, cash, working capital.
- Sellers: Pursuit Investment Holdings, Brewster Inc.; Buyer: Flyover Attractions B.V.; Brogent Technologies as guarantor.
- Termination fee of $10M payable by buyer if it fails to close under certain conditions; closing target by May 21, 2026.
- Transaction subject to regulatory approvals and other customary closing conditions.
item 1.01