Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

Veris Residential (VRE) Confirms Receipt of Unsolicited Proposals from Kushner Companies

  • October 21, 2022


StockVeris Residential, Inc.SymbolVRE
Date Announced10/21/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Kushner Companies

Veris Residential, Inc. (VRE), confirmed receipt of unsolicited proposals from Kushner Companies to externally manage the company or to acquire the Company for $16.00 per share.


November 03, 2022: Veris Residential unanimously rejects unsolicited proposals from Kushner Companies, believes this proposal grossly undervalues the company

November 22, 2022: Fortress Investment Group has agreed to help finance Kushner Cos.’ unsolicited $4.3 billion bid to buy rival apartment building owner Veris Residential (VRE) according to a letter from Fortress to Veris’s board.

December 12, 2022: Veris Residential (VRE) in its letter, the Board details its unanimous rejection of each of Kushner Companies’ latest unsolicited proposals to acquire Veris Residential, as well as a go-forward process to facilitate constructive dialogue between Veris Residential and Kushner Companies.

January 18, 2023: Kushner Companies informed Veris Residential (VRE) that it is not currently interested in moving forward with a transaction with the REIT.


Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.