Vacasa (VCSA) is expecting to close on its proposed merger with Casago at 11:59 pm on Wednesday, subject to completion or the wavier of any remaining conditions, after prospective deal was approved by 69% of its class A shares voted during a special shareholders meeting on Tuesday, the vacation rentals company said.
Investors holding 96% of Vacasa's class B stock also agreed to accept Casago buyout offer that last month was increased to $5.30 per share from $5.02 per share under the original proposal disclosed by the companies on Dec. 30. As a group, 72% of all Vacasa shares sided with the deal, the company said.
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