Vacasa, INC

Market Movers (8-K)

Vacasa, Inc. finalizes its merger with Casago Holdings, LLC, transitioning to a private entity and ceasing trading on the Nasdaq.
Vacasa stockholders have approved the proposed merger with Casago, with the closing expected on April 30, 2025.
Vacasa's Special Committee has determined that the revised unsolicited proposal from Davidson Kempner Capital Management is not a superior proposal and reaffirms its recommendation for the merger with Casago.
Worse than expected
Vacasa's Special Committee addresses Davidson Kempner's acquisition proposal, highlighting concerns about deal certainty and the need for a Tax Receivable Agreement (TRA) amendment.
Worse than expected
Vacasa's board recommends shareholders vote in favor of the all-cash acquisition by Casago for $5.30 per share, citing a significant premium and greater certainty compared to other proposals.
Better than expected
Capital raise
Vacasa, Inc. has agreed to be acquired by Casago Holdings, LLC for $5.30 per share in an all-cash transaction, representing a significant premium for shareholders.
Better than expected

Quarterly Earnings (10-Q)

Vacasa's Q3 results show a net income of $59.3 million, a significant turnaround from a $402.5 million loss in the same period last year, while revenue declined by 17% year-over-year.
Worse than expected
Capital raise
Vacasa's Q2 2024 results reflect a challenging period marked by decreased revenue and a significant reorganization, alongside strategic financial moves to bolster liquidity.
Worse than expected
Capital raise
Vacasa's Q1 2024 results reveal a significant net loss and revenue decline, prompting a major restructuring and workforce reduction.
Worse than expected
Capital raise

Annual Reports (10-K)

Vacasa, Inc. files an amendment to its 2024 Annual Report on Form 10-K to include previously omitted information regarding directors, executive officers, compensation, and related items.
Vacasa's 10-K filing reveals ongoing merger negotiations, revenue decline, and efforts to return to profitability through reorganization and cost-saving measures.
Worse than expected
Capital raise
Vacasa, Inc.'s 10-K filing outlines the company's capital structure, including Class A, B, and G common stock, and preferred stock, detailing voting rights, dividend entitlements, and conversion features.

Insider Trading (Form 4)

Davidson Kempner Capital Management and affiliated entities report the complete disposal of their Vacasa, Inc. holdings, including Class A Common Stock and Senior Secured Convertible Notes, following a cash-out transaction.
Riverwood Capital and related entities contributed their Vacasa shares and units to Casago Holdings, LLC as part of a merger transaction completed on April 30, 2025, resulting in a change of beneficial ownership.
Vacasa, Inc. finalized its merger with Casago Holdings, LLC on April 30, 2025, resulting in the contribution of shares and units by Riverwood Entities in exchange for equity interests in Parent.
Level Equity Associates reports changes in beneficial ownership of Vacasa, Inc. securities due to a merger transaction, resulting in the contribution of shares and units to Parent in exchange for equity interests.
Benjamin Levin, a director and 10% owner of Vacasa, Inc., reports changes in beneficial ownership following the completion of a merger with Vista Merger Sub II Inc. and Vista Merger Sub LLC on April 30, 2025.
Silver Lake Group and affiliated entities contributed their Vacasa shares and units to Casago Holdings, LLC in exchange for equity interests in the parent company, following the completion of the merger on April 30, 2025.

Proxy Statements (Def-14A)

Vacasa encourages shareholders to vote in favor of the proposed merger with Casago, as recommended by proxy advisory firms ISS and Glass Lewis, at the Special Meeting scheduled for April 29, 2025.
Vacasa supplements its proxy statement regarding the proposed merger with Casago Holdings, addressing a revised proposal from Davidson Kempner and the Special Committee's evaluation process.
Worse than expected
Vacasa's Special Committee has determined that the revised unsolicited proposal from Davidson Kempner Capital Management is not a superior proposal and reaffirms its recommendation for the proposed transaction with Casago.
Vacasa's Special Committee has rejected Davidson Kempner's proposal to acquire the company for $5.83 per share, citing concerns over deal certainty and the need for a Tax Receivable Agreement (TRA) amendment.
Worse than expected
Vacasa's board recommends shareholders vote in favor of the all-cash acquisition by Casago for $5.30 per share, citing a robust strategic review and the best risk-adjusted outcome.
Better than expected
Capital raise
Vacasa's board recommends shareholders approve the acquisition by Casago for $5.30 per share, citing a thorough strategic review and the best risk-adjusted outcome.
Better than expected