CommonWealth REIT Files Preliminary Consent Revocation Materials
CommonWealth REIT (NYSE: CWH) today
announced that it has filed preliminary consent revocation materials
with the Securities and Exchange Commission (the “SEC”) in response to
the preliminary solicitation materials filed on December 3, 2013 by
Corvex Management LP and Related Fund Management, LLC (“Corvex/Related”).
The CommonWealth Board believes that a wholesale removal, without cause,
of all the members of the Board is not in the best interest of the
Company and its shareholders, and would be disruptive to CommonWealth's
business and a value destructive exercise.
The Board and management team are committed to executing on the current
business plan to increase value for all shareholders by repositioning