Viad ( (VVI) ) just unveiled an announcement.
Viad Corp has agreed to sell its GES business to TL Voltron Purchaser, LLC for $535 million, a deal that includes a $510 million base price and a $25 million deferred payment. The transaction awaits regulatory approvals and is expected to close by April 30, 2025. Concurrently, David W. Barry will become the new President and CEO, succeeding Steven W. Moster. The deal also involves executive departures and significant transaction-related incentives for key leaders, while forward-looking statements caution about potential risks and uncertainties.
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