Trade Update: The Class A Cashflow Code
A Veris Residential (VRE) Hostile Takeover…
Josh Belanger here and I'm sending you a special update for the trade alert I sent this morning.
So, Veris Residential (VRE) issued a press release today announcing that it received an offer from Kushner Companies for $16 a share…
VRE shares closed yesterday at $12.42 and Kushner's group offered a much higher price AKA a ‘hostile takeover'…
In short, what this news means, for us, is that the opportunity to cashflow on Veris Residential does not exist anymore…
Here's a video I created to explain more about this:
— Josh Belanger