Shares of real estate investment trust Veris Residential, Inc. (VRE) are up more than 20% Friday morning after the company confirmed that it received proposal from one of its largest shareholders, Kushner Companies to externally manage or acquire Veris for $16.00 per share.
The proposed purchase price is 30% premium to Veris' closing price on Thursday. Veris said it is evaluating the proposal.
VRE, currently at $14.92, has traded in the range of $10.22-$19.90.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.