CommonWealth REIT Announces That Motions to Block Equity Offering Closing Have Been Denied

CommonWealth REIT

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,