VRE - Veris Residential gains after rejecting increased Kushner offer; open to dialogue

• Veris Residential ( NYSE: VRE ) rose 3.7% i n premarket trading after it rejected an increased $18.50/share offer from Kushner Companies.
• Veris Residential ( VRE ) said that while the offer undervalues the company, it's open to facilitating constructive dialogue between Veris and Kushner, according to a letter. Veris said its board is willing to give Kushner a standard non-disclosure agreement. Veris rejected an increased $17.50 offer on Thursday and also rejected an $18.50 bid on Sunday.
• In October Kushner made an unsolicited proposals to acquire Veris ( VRE ), which mostly owns New Jersey apartment buildings, for $16 a share, or to externally manage the company's real estate portfolio. But Veris's board then rejected Kushner's buyout offer since neither proposal was in shareholders' best interests.

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