In a regulatory filing, Veris Residential disclosed that on November 25, the board of directors the company responded in writing to the Kushner Companies regarding its proposal to acquire the company for $16.00 per share. “The Board unanimously believes that the Kushner Companies’ $16.00 per share proposal grossly undervalues the company and denies shareholders the substantial, long-term value expected to be unlocked from the company’s nearly complete strategic transformation. The Board remains open to evaluating any proposals to maximize value for all shareholders,” the filing stated.
previous post
next post