(RTTNews) - Rental property management company Casago has agreed to acquire Vacasa Inc. (VCSA), a vacation rental management platform in North America.
According to the deal, Casago will acquire all outstanding shares of Vacasa held by public stockholders at a price of $5.02 per share.
"Casago has always been committed to delivering personalized, locally-empowered service to homeowners, and exceptional experiences to guests. We're excited to merge with Vacasa, a company that shares our dedication to excellence," said Casago founder and CEO Steve Schwab. "Together, we will strengthen our ability to deliver consistent service quality on a global scale, leveraging our combined resources and expertise to better serve our homeowners, guests and partners."
Under the terms of the merger agreement, Vacasa stockholders receive $5.02 per share in cash upon completion of the proposed transaction.
Upon completion of the transaction, Vacasa's common stock will no longer be publicly listed on the Nasdaq, and the combined company will become a privately held company.
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