- Veris Residential ( NYSE: VRE ) shares surged 18% premarket on Friday after the real estate investment trust confirmed receipt of unsolicited proposals from Kushner Companies to externally manage the company or to acquire the company for $16/share.
- The offer is now subject to VRE board review and will respond to these proposals in due course.
- On Thursday, Veris Residential ( VRE ) shares rose after-hours after The Wall Street Journal reported the Kushner real estate firm extended an unsolicited buyout bid for the New Jersey-based REIT. The transaction could value Veris ( VRE ) at ~$4.3B, according to the report.
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Veris Residential surges after it confirms $16/share buyout bid from Kushner