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Vacasa Stockholders Approve Merger with Casago by 69% Margin.
ByAinvest
Tuesday, Apr 29, 2025 5:18 pm ET1min read
Vacasa's stockholders approved the proposed merger with Casago, with approximately 69% of Class A common stock, 96% of Class B common stock, and 72% of all shares voted in favor of the merger. The merger is expected to enhance Vacasa's capabilities in the vacation rental management market.
Vacasa, Inc. (Nasdaq: VCSA), a leading vacation rental management platform in North America, has received overwhelming approval from its stockholders for the proposed merger with Casago. The merger, which aims to enhance Vacasa's capabilities in the vacation rental management market, was approved by approximately 69% of Class A common stock, 96% of Class B common stock, and 72% of all shares combined [1].On April 29, 2025, Vacasa held a special meeting of its stockholders to vote on the merger. The proposal, known as the Merger Agreement Proposal, was adopted by a significant majority. The merger agreement, initially dated December 30, 2024, was amended twice in March 2025 to reflect the latest conditions [1].
Vacasa expects the merger to close at 11:59 pm ET on April 30, 2025, subject to the satisfaction or waiver of the remaining closing conditions. A final report on the results of the special meeting will be filed with the Securities and Exchange Commission (SEC) [1].
Vacasa, known for its innovative technology that maximizes revenue for homeowners and provides a seamless experience for guests, has been transforming the vacation rental experience. By merging with Casago, Vacasa aims to leverage Casago's strengths in the market to further enhance its offerings and market position.
The merger is subject to various risks and uncertainties, including the satisfaction of closing conditions, the realization of expected benefits, and potential economic and business factors. Forward-looking statements, including those related to the merger, are based on Vacasa's management's beliefs and assumptions and are subject to numerous risks and uncertainties [1].
References:
[1] https://www.morningstar.com/news/business-wire/20250429082878/vacasa-stockholders-approve-merger-with-casago
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