Vacasa Receives Unsolicited, Non-Binding Takeover Bid From Davidson Kempner for $5.25 per Share

MT Newswires Live02-04

Vacasa (VCSA) said Tuesday that it received an unsolicited, non-binding proposal from Davidson Kempner Capital Management to acquire all its outstanding shares at $5.25 each.

Vacasa said it signed a definitive agreement in December under which vacation rental property management firm Casago will acquire all outstanding Vacasa shares held by public shareholders for $5.02 per share. It added that nothing had been changed to the agreement.

However, the company also said it will review the Davidson Kempner proposal with its legal counsel and financial advisor to determine if the bid is a "superior proposal" as defined in Vacasa and Casago's merger agreement.

Shares of Vacasa were up 5.3% in recent premarket activity.

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