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CommonWealth REIT Issues Statement on Results of the Corvex/Related Purported Consent Solicitation

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CommonWealth REIT (NYSE: CWH) today commented upon the results of a
purported consent solicitation by Corvex Management LP (“Corvex”) and
Related Fund Management, LLC (“Related” and together with Corvex,
“Corvex/Related”):

On April 12, 2013 Corvex/Related wrote to CWH demanding a record date
for a consent solicitation to remove the entire CWH Board without cause.
Because the demand letter did not comply with the requirements for a
record date request established in CWH's Bylaws, CWH responded to
Corvex/Related by pointing out certain deficiencies and requesting
additional information. Rather than attempting to comply with the
governing Bylaws, Corvex/Related instead unilaterally declared a record
date for shareholders to join their consent and began soliciting written

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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