Viad Enters Definitive Deal To Sell Its GES Business To Truelink Capital For $535M
Portfolio Pulse from Benzinga Newsdesk
Viad Corp has entered into a definitive agreement to sell its GES business to Truelink Capital for $535 million. The deal is expected to close by the end of 2024, pending regulatory approvals and customary conditions. This transaction will separate GES from Viad's Pursuit attractions and hospitality business.
October 21, 2024 | 10:56 am
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Viad Corp is selling its GES business to Truelink Capital for $535 million, which will allow Viad to focus on its Pursuit attractions and hospitality business. The deal is expected to close by the end of 2024, subject to regulatory approvals.
The sale of GES will provide Viad with significant capital and allow it to concentrate on its core Pursuit business. This strategic move is likely to be viewed positively by investors, potentially boosting Viad's stock price in the short term.
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