Veris Residential, Inc. (NYSE:VRE) stock rose Monday on news that it will be acquired by an Affinius Capital-led consortium. The definitive merger agreement values the REIT at approximately $3.4 billion in enterprise value.
Details
As per the terms, Veris shareholders will receive $19.00 in cash for each share of common stock, and holders of operating partnership common units will receive the same $19.00 cash consideration per unit.
The deal price represents a 23.2% premium to Veris’ unaffected closing share price on Feb. 4, 2026, and a 27.5% premium to its 30-day volume-weighted average price through that date.
The transaction will be funded through a mix of equity and debt, …