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Arbitration Panel Declares Corvex/Related Consent Solicitation Invalid

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CommonWealth REIT (NYSE: 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

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

 

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