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Veris Residential is using Gasthalter & Co. as it receives a hostile takeover bid from Kushner Cos.
The bulk of the Jersey City-based real estate investment trust’s properties are located in the Garden State. They include complexes such as Harborside and Port Imperial on the Hudson River overlooking Manhattan.
In his Oct. 20 letter to VR’s board of directors, Charles Kushner notes that he is willing to negotiate but has been “effectively ignored.”
He claims Veris has a bloated overhead and management with little experience in the management of multi-residential units.
Kushner also takes a swipe at Veris CEO London-based Mahbod Nia. “Veris cannot continue to be operated from Europe,” wrote Kushner.
Veris is evaluating Kushner Cos. $16-per-share offer.
Gashalter & Co. has Amanda Shipner and Grace Cartwright representing Veris.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
FGS Global heads the list in Mergermarket’s ranking of the top PR advisors in M&A deals for 2025. Joele Frank, Brunswick Group follow.
Financial marketing is entering a new era where brands must move beyond mere storytelling and increasingly demonstrate to audiences that they’re prepared for change.
