Pursuit Announces Strategic Actions to Enhance Shareholder Value and Accelerates Focus on Iconic Attractions and Hospitality Experiences
Pursuit Attractions and Hospitality, Inc. (PRSU)
Company Research
Source: Business Wire
Enters agreement to sell Flyover business for $78.4 million, receives $25.0 million in deferred proceeds from prior GES sale, and repurchases $14.5 million of common stock DENVER--(BUSINESS WIRE)--Pursuit Attractions and Hospitality Inc. (NYSE: PRSU) today 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 (“Flyover”) for approximately $78.4 million, subject to customary purchase price adjustments, representing a multiple of approximately 15 times Flyover's estimated 2025 Adjusted EBITDA contribution; receiving $25.0 million in deferred proceeds from the prior sale of its GES business; and repurchasing $14.5 million of Pursuit common stock.“These actions reflect our commitment to disciplined capital allocation and creating long-term shareholder value,” s
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- Pursuit Attractions and Hospitality (NYSE:PRSU) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Pursuit Attractions and Hospitality (NYSE:PRSU) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating.MarketBeat
- Pursuit Attractions and Hospitality (NYSE:PRSU) had its price target raised by analysts at Stifel Nicolaus from $43.00 to $44.00. They now have a "buy" rating on the stock.MarketBeat
- Pursuit Attractions and Hospitality (NYSE:PRSU) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Pursuit Attractions and Hospitality (NYSE:PRSU) had its price target raised by analysts at Stifel Nicolaus from $42.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat