Glass Lewis recommends CommonWealth REIT shareholders remove board of trustees Corvex Management and Related Fund Management commented on the report by Glass Lewis & Co. that recommends for the second time that CommonWealth shareholders vote to remove the entire board of trustees. The companies said, "These endorsements send a clear message – shareholders must put a stop to the nearly three decades of abysmal governance practices and end the value destruction at CommonWealth. We urge fellow shareholders to follow the strong recommendations from both Glass Lewis and Institutional Shareholder Services and sign, date and return their GOLD consent card today."
News For CWH From The Last 14 Days
Check below for free stories on CWH the last two weeks.
CommonWealth REIT upgraded to Buy from Hold at Stifel Stifel upgraded CommonWealth (CWH) to Buy following the sale of its stake in Select Income REIT (SIR) for $705M. The analyst said the sale will allow the company to pay down its $735M outstanding term loan revolver and views the new CFO announcement as a positive. Price target is $28.50.