Pebblebrook’s offer “does not constitute, and could not reasonably be expected to lead to, a superior proposal” to Blackstone’s, the company said in the statement.
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Together, Ivanka Trump and her husband Jared Kushner earned at least $82 million in outside income while working as unpaid senior advisers to her father.
The company made a fresh offer in writing that reflects its share gains since its bid last month, according to a Pebblebrook statement Monday.