Casago, a rental property management company, has announced its plan to acquire all outstanding shares of Vacasa, a real estate services firm, for $5.02 per share in cash. This offer represents a significant premium, with a 28% increase over the stock’s closing price on the previous trading day and a 60% premium over its 30-day volume-weighted average price. Prior to the announcement, Vacasa’s shares experienced a pre-market drop of 2.89%, trading at $3.70. This acquisition news could influence investor decisions regarding real estate and property management stocks.
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