CommonWealth REIT CWH today announced that rulings by the United
States District Court for the District of Massachusetts issued after the
market close today denied two separate motions which sought to enjoin
the closing of CommonWealth's recent equity offering. The motions had
been filed by (i) Corvex Management LP (“Corvex”) and Related Fund
Management, LLC (“Related”) and (ii) Delaware County Employees
Retirement Fund (“Del-Co”). Among other reasons for denying both
motions, the court found that Corvex/Related and Del-Co failed to meet
their burden of showing there was a likelihood that the claims asserted
by them regarding the share issuance would succeed.
The recent CommonWealth equity offering of 34,500,000 shares is expected
to close tomorrow,
See full press release
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