New York REIT Jumps After Report of Merger Talks With JBG Cos.

  • Shares rise as much as 13% after Reuters story on negotiations
  • NYC landlord has been exploring options since October

New York REIT Inc., a landlord that’s been under pressure from investors, surged as much as 13 percent after Reuters reported that the company is in talks to merge with closely held JBG Cos.

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