Announced
Financials
Tags
Hostile
Public
Acquisition
Residential REITs
Single Bidder
United States
multi-family REITs
Pending
Majority
real estate investment trust
Domestic
Synopsis
Kushner Companies, an American real estate developer in the New York City metropolitan area, offered to acquire Veris Residential, a real estate investment trust that primarily owns, operates, acquires, and develops Class A multifamily properties, for $1.46bn. Veris Residential's Board of Directors is evaluating Kushner Companies' latest proposals – in consultation with its financial and legal advisors – and will respond to these proposals in due course, just as it has carefully evaluated and responded to all other proposals Kushner Companies has put forth to date. Consistent with its fiduciary duties, the Board will determine the best path forward with the interests of maximizing value for all Veris Residential shareholders in mind.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.