US multifamily REIT Veris Residential has agreed to be taken private in an all-cash deal valued at $3.4bn, including debt, by a consortium led by Affinius Capital and Vista Hill Partners, the company announced on Monday, according to a report by Reuters.
Under the terms, Veris shareholders will receive $19 per share, a 13.3% premium to the stock’s last closing price. Shares rose to $18.88 in premarket trading following the announcement. The transaction is expected to close in Q2 2026, subject to...
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