Welcome to our dedicated page for Vacasa news (Ticker: VCSA), a resource for investors and traders seeking the latest updates and insights on Vacasa stock.
Vacasa, Inc. (Nasdaq: VCSA) is described in its own communications as a leading vacation rental management platform in North America, and its news flow reflects both operational updates and significant corporate events. Company press releases cover topics such as quarterly financial results, strategic transactions, and research on vacation home investment markets.
Recent news has focused heavily on Vacasa’s merger process with Casago, a premier vacation rental property management company. A joint announcement detailed a definitive agreement under which Casago will acquire all outstanding shares of Vacasa held by public stockholders for cash. Later updates reported an amended agreement increasing the per-share consideration and noted that Vacasa stockholders approved the proposed merger at a special meeting, with the transaction expected to close subject to remaining conditions.
Other corporate news items include Vacasa’s confirmation of an unsolicited, non-binding acquisition proposal from Davidson Kempner Capital Management LP and subsequent determinations by Vacasa’s Special Committee that revised proposals from Davidson Kempner did not constitute, and were not reasonably likely to result in, a “Superior Proposal” compared with the Casago agreement. These releases provide insight into the company’s strategic review process and board-level decision-making.
Operationally oriented news includes quarterly earnings announcements, where Vacasa describes itself as North America’s leading vacation rental management platform and directs investors to shareholder letters and conference calls for more detail. The company also issues thematic content, such as its “Top 25 Best Places to Buy a Vacation Home” report, which highlights U.S. destinations that Vacasa identifies as attractive for vacation rental investment.
Investors and observers following VCSA-related news can use this page to track developments around the Casago merger, acquisition proposals, financial reporting dates, and Vacasa’s perspective on vacation rental markets.
Vacasa (Nasdaq: VCSA), a leading vacation rental management platform, announced the closing of a $30 million senior secured convertible notes financing with Davidson Kempner Capital Management. This agreement allows for an additional $45 million in notes, contingent upon specific conditions. The Initial Notes bear interest at 11.25% annually, payable in kind for the first three years, or 9.75% if paid in cash. They mature on August 7, 2029. The notes are convertible into Vacasa's Class A Common Stock at $4.16 per share. Additionally, Davidson Kempner has the right to designate directors to Vacasa's board. PJT Partners acted as the financial advisor for this transaction.
Vacasa (Nasdaq: VCSA), North America's leading vacation rental management platform, has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, after the market closes. The company will host a conference call to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET on the same day.
The call will be led by CEO Rob Greyber and CFO Bruce Schuman. Investors and interested parties can access the live webcast through Vacasa's Investor Relations website at investors.vacasa.com. A replay of the webcast will be available for one year following the call.
Vacasa, Inc. (Nasdaq: VCSA) announced its financial results for the first quarter of 2024, highlighting key performance metrics. The company, known as North America's top vacation rental management platform, invites shareholders to a conference call to discuss the results and business outlook.
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