Viad to Buy Jasper SkyTram in Canada's Jasper National Park for $18.3 Million

MT Newswires Live06-26

Viad (VVI) agreed to acquire the Jasper SkyTram attraction in Jasper National Park in Alberta for 25 million Canadian dollars ($18.3 million).

The transaction is expected to be completed next month, Viad said Wednesday in a statement.

The deal, which is expected to add $4 million in revenue this year, includes a renewable long-term lease with Parks Canada with 30 years remaining, Viad said.

Price: 33.40, Change: -0.55, Percent Change: -1.62

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