Vacasa (VCSA) said Monday it accepted a revised acquisition offer from Casago at $5.30 per share in cash, amending their existing merger agreement.
The vacation rental property management platform signed a deal in December for Casago to acquire all outstanding Vacasa shares for $5.02 per share.
Vacase said the updated deal removes provisions that could potentially have reduced the purchase price based on Vacasa's liquidity or units under management.
The company also evaluated a $5.75 per share bid from Davidson Kempner Capital Management but determined it is not a "superior proposal," Vacasa said, adding that it has ended discussions with Davidson Kempner.
Shares of the company were up nearly 2% in recent Monday trading.
Price: 5.33, Change: +0.10, Percent Change: +1.91
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