Corvex Management LP ("Corvex") and Related Fund Management, LLC ("Related"), whose separately managed investment funds collectively own approximately 9.6% of the outstanding shares of CommonWealth REIT CWH, today announced that they have filed a preliminary solicitation statement with the Securities and Exchange Commission to remove the entire board of trustees in accordance with the rules implemented by the Arbitration Panel ruling on November 18, 2013. Corvex and Related will also seek to solicit proxies from fellow shareholders to elect five new trustees at a subsequent special meeting to be promptly called upon the successful completion of the consent solicitation to remove the board.
Keith Meister of Corvex and Jeff T. Blau of Related said: "We continue to take the
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in