Kushner Companies to acquire Veris Residential for $1.46bn.

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.