Update: Shares of BRE Properties Jump on Bloomberg Report of Possible Company Sale
December 04, 2013 at 15:53 PM EST
Shares of BRE Properties Inc. (NYSE: BRE ) jumped to new 52 week highs of $61.50, immediately following a Bloomberg report that the company is working with investment bankers at Wells Fargo (NYSE: WFC ) for a possible sale of the company. Bloomberg reported Essex Property Trust Inc.