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Vacasa (VCSA) confirmed that it has received an unsolicited, non-binding proposal from Davidson Kempner Capital to acquire all outstanding shares of the company at a price of $5.25 per share. On December 30, 2024, Vacasa entered into a definitive agreement pursuant to which Casago will acquire all outstanding shares of the company held by public stockholders at a price of $5.02 per share, subject to adjustment as set forth in the merger agreement. The merger agreement remains in place, and the board of directors of Vacasa has not withdrawn or modified its recommendation that the shareholders of Vacasa vote in favor of the adoption of the merger agreement. Vacasa’s special committee of the board, consistent with its fiduciary duties and the terms of the merger agreement, will carefully review the proposal in consultation with its outside legal counsel and financial advisor, including evaluating the contingencies, due diligence and documentation requirements and implications for transaction timing, to determine whether it is or would reasonably be expected to result in a “Superior Proposal” as defined in the merger agreement. Vacasa shareholders do not need to take any action at this time.
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