Vacasa (VCSA) and Casago said Monday they have signed a definitive agreement for Casago to purchase all outstanding Vacasa shares for $5.02 per share in cash.

The per-share purchase price represents a premium of 28% over Vacasa's 30-day volume-weighted average price per share and a premium of 60% over Vacasa's 90-day volume-weighted average price per share, both as of Dec. 27.

The deal is expected to close toward the end of Q1 or the early part of Q2, subject to certain customary closing conditions, including Vacasa shareholders' approval.

Upon deal completion, Vacasa will become a privately held company and its stock will no longer be listed on Nasdaq.

In addition, Roofstock plans to invest in the merged entity, joining existing minority stakeholders Silver Lake, Riverwood Capital and Level Equity.

Shares of Vacasa rose more than 27% in recent trading activity.

Price: 4.85, Change: +1.04, Percent Change: +27.30