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Viad Corp (NYSE:VVI) shares are trading higher after the company inked a deal to sell its GES business to Truelink Capital for $535 million. The purchase price will be adjusted for cash, debt, debt-like items, and normalized working capital and will be paid in cash. Of this amount, $25 million will be deferred for one year after closing and is contingent solely on the passage of time. The sale of GES separates Viad’s global exhibition services and experiential marketing business from its Pursuit attractions and hospitality segment. GES and Pursuit will remain under Viad until the transaction i…

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