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Stock Market & Financial Investment News

News Breaks
March 13, 2014
07:21 EDTSIR, CWHCommonWealth REIT to ask SEC to probe Zell involvement, FT says
A source close to CommonWealth REIT (CWH) said the company would ask the SEC to investigate if billionaire investor Sam Zell broke the regulator's rules by not declaring a financial interest when joining the slate of board nominees being pushed for by Corvex Management and Related Fund Management, according to Financial Times. The president of CommonWealth, Adam Portnoy, says Zell should have revealed that one of his investee companies is in a dispute over lease payments with Select Income REIT (SIR), which is part-owned by CommonWealth, the report added. Reference Link
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