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Stock impact report

Arizona-based vacation rental company will take over Portland-founded Vacasa [Yahoo! Finance]

Vacasa, Inc. (VCSA) 
Company Research Source: Yahoo! Finance
On Monday, representatives announced that the Portland-founded Vacasa has reached a definitive agreement with Casago. The Arizona-based brand is expected to purchase all outstanding shares of the company, priced at $5.02 each. NW Natural requests rate hike for Oregon customers starting in late 2025 In a statement, Vacasa CEO Rob Greyber said the merger is a “natural next step” for the company. “By combining with Casago, a company that shares our vision of locally-empowered, homeowner-focused property management, we're accelerating our progress on that path,” Greyber added. “We are pairing national scale with local expertise, empowering entrepreneurial teams to set a new standard in vacation rental property management.” The upcoming acquisition follows multiple rounds of layoffs — starting with a 3% workforce reduction in late 2022. In early 2023, Vacasa revealed its decision to axe an additional 1,300 employees — about 17% of its staff. This included around 33 Portland worker Show less Read more
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