Pursuit Attractions announces strategic actions to enhance shareholder value

Pursuit Attractions (PRSU) and Hospitality announced a series of strategic actions taken to strengthen focus on iconic attractions and hospitality and enhance its long-term growth profile and shareholder value. These actions include entering into a definitive agreement to sell its Flyover flying theater attractions business for approximately $78.4M, subject to customary purchase price adjustments, representing a multiple of approximately 15 times Flyover’s estimated 2025 Adjusted EBITDA contribution; receiving $25M in deferred proceeds from the prior sale of its GES business; and repurchasing $14.5M of Pursuit common stock.