CommonWealth REIT CWH announced Monday that the Arbitration Panel
ruled that the purported consent solicitation to remove the CWH Board of
Trustees conducted earlier this year by Corvex Management LP and Related
Fund Management, LLC (“Corvex/Related”) “was not properly conducted and
cannot be validated.”
Adam Portnoy, a Managing Trustee and President of CWH, issued the
following statement:
“The Board of Trustees and I are pleased that the Arbitration Panel has
found the consent solicitation undertaken earlier this year by
Corvex/Related to be invalid.”
“We remain focused on executing CommonWealth's strategic plan to
reposition its portfolio into high value office properties
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