With Davidson Kempner's latest bid for Vacasa at $5.83 per share and the Vacasa board-endorsed bid from Casago at $5.30 per share, one thing is certain — this is not the end of the story.
One reason Vacasa's board looks more favorably about the Casago bid is because of the leverage that Davidson Kempner wields over Vacasa as a debt holder. If Vacasa accepts the investment firm's bid and the deal gets dragged out, then Davidson Kempner would be in the driver's seat.
There’s been a fair amount of activity in the corporate travel and expense management world as companies look to capitalize on a largely untapped market.
Mews is among a number of late-stage travel tech startups that have collectively raised billions of dollars in the past couple of years to modernize outdated software systems.