Vacasa Inc - VCSA STOCK NEWS

Vacasa (VCSA) announced that its Special Committee has rejected Davidson Kempner Capital Management's revised unsolicited acquisition proposal of $5.83 per share. The committee determined the proposal does not constitute a Superior Proposal under the existing merger agreement with Casago.

The rejection was based on several factors, including Davidson Kempner's inability to secure required Tax Receivable Agreement amendments, rejection of material requests regarding closing conditions, and concerns about their position as a creditor creating asymmetric downside risk for stockholders.

The Board reaffirms its support for the amended Casago merger agreement at $5.30 per share, which removed purchase price adjustment provisions. Shareholders will vote on the Casago transaction at a Special Meeting scheduled for April 29, 2025.

Vacasa (VCSA) has accepted a revised acquisition proposal from Casago at $5.30 per share in cash, amending their previously announced merger agreement. The new deal removes purchase price adjustment provisions that could have reduced the merger consideration based on liquidity or units under management thresholds.

The Special Committee rejected a competing proposal from Davidson Kempner offering $5.75 per share, citing concerns over transaction certainty due to Tax Receivable Agreement (TRA) amendment requirements and incomplete negotiations. The committee prioritized the superior certainty of closing with Casago, aiming to complete the transaction by the end of April.

Casago's enhanced offer demonstrates their commitment to swift closure, with President Joe Riley expressing confidence in Vacasa's team and emphasizing their shared vision of owner-centric hospitality through local team empowerment.

Universal Technical Institute (NYSE: UTI) has appointed Bruce Schuman as Chief Financial Officer, effective immediately. Schuman joins UTI from Vacasa (NASDAQ: VCSA), where he served as CFO and helped achieve the company's first profitable year in 2023. He previously held CFO positions at Kiavi and various senior finance roles at Intel

The appointment comes as UTI executes the second phase of its North Star strategy, which aims to deliver approximately 10% revenue CAGR and expand Adjusted EBITDA margin to nearly 20% through fiscal 2029. The strategy focuses on growth, diversification, and optimization across UTI's transportation, skilled trades, and energy education segments, as well as Concorde Career Colleges' healthcare programs.

The company recently reported strong Q1 fiscal 2025 results, with improvements in revenue, Adjusted EBITDA, and new student starts year-over-year, leading to increased guidance ranges for the fiscal year.

Vacasa, North America's leading vacation rental management platform, has released its 'Top 25 Best Places to Buy a Vacation Home' report for 2025. The annual ranking evaluates destinations based on market conditions, rental revenue performance, and regional characteristics.

The top 10 markets for vacation home investment are:

• North Myrtle Beach, South Carolina
• Dauphin Island, Alabama
• Okaloosa Island, Florida
• Hatteras Island, North Carolina
• Girdwood, Alaska
• Navarre, Florida
• Gatlinberg, Tennessee
• North Topsail Beach, North Carolina
• Corolla, North Carolina
• Truro, Massachusetts

The report aims to guide both new and experienced investors in identifying promising vacation rental investment opportunities across diverse locations, from beachfront properties to mountain retreats.

Vacasa (VCSA) has received an unsolicited, non-binding proposal from Davidson Kempner Capital Management LP to acquire all outstanding shares at $5.25 per share. This follows Vacasa's existing definitive agreement from December 30, 2024, with Casago to acquire all outstanding public shares at $5.02 per share.

The Board of Directors has not modified its recommendation for shareholders to vote in favor of the Casago merger agreement. The Special Committee will review the new proposal to determine if it constitutes a 'Superior Proposal' as defined in the merger agreement, considering factors such as contingencies, due diligence requirements, and transaction timing implications.

PJT Partners and Vinson & Elkins LLP are serving as financial and legal advisors to the Special Committee, respectively, while Latham & Watkins LLP acts as legal advisor to Vacasa.

Casago and Vacasa (NASDAQ: VCSA) have announced a strategic merger where Casago will acquire all outstanding Vacasa public shares at $5.02 per share. The deal represents a premium of 28% and 60% over Vacasa's 30-day and 90-day volume weighted average prices, respectively. The merger aims to create an enhanced vacation rental management platform combining international brand reach with local management expertise.

Roofstock, a proptech platform, will invest in and provide strategic guidance to the combined company. Existing Vacasa shareholders Silver Lake, Riverwood Capital, and Level Equity will maintain minority investments. The transaction is expected to complete in late Q1 or early Q2 2025, subject to shareholder approval. Post-merger, Vacasa will become private and delist from Nasdaq.

Vacasa (Nasdaq: VCSA), North America’s leading vacation rental management platform, announced its financial results for the quarter ended September 30, 2024.

The detailed results are available in a shareholder letter on the company's website. Vacasa will hold a conference call today at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and provide a business update.

A live webcast and supplemental information will be accessible on Vacasa’s Investor Relations website, with a replay available for one year after the webcast concludes.

Vacasa (VCSA), North America's leading vacation rental management platform, has scheduled its third quarter 2024 financial results announcement for November 7, 2024, after market close. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET on the same day, led by CEO Rob Greyber and CFO Bruce Schuman. The webcast will be accessible through Vacasa's Investor Relations website, with a replay available for one year.

Vacasa (Nasdaq: VCSA), a leading vacation rental management platform in North America, released its Q2 2024 financial results. The results, detailed in a shareholder letter, are accessible on the Company's website. Vacasa will host a call today at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results and provide a business update. A live webcast and supplemental information will be available on Vacasa's Investor Relations website. A replay of the webcast will be available for one year post-event.