Ademi LLP is investigating Vacasa (Nasdaq: VCSA) for possible breaches of fiduciary duty and other violations of law in its transaction with the Casago.
In the transaction, Vacasa shareholders will receive $5.02 per share. Vacasa insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Vacasa by imposing a significant penalty if Vacasa accepts a competing bid. We are investigating the conduct of Vacasa’ board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.