01:29 PM EST, 02/23/2026 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Veris Residential ( VRE ) shares were up more than 12% in recent Monday trading after the company said it has entered into a definitive agreement to be acquired by an Affinius Capital-led consortium in an all-cash deal for $19 per share, or an implied enterprise value of $3.4 billion.

The deal is expected to close in Q2, Veris said.

Price: 18.82, Change: +2.05, Percent Change: +12.19