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Stock Market & Financial Investment News

News Breaks
March 18, 2014
17:14 EDTCWHCorvex, Related say 81% of CommonWealth holders support board removal
Corvex Management and Related Fund Management, whose separately managed investment funds collectively own approximately 9.6% of the outstanding shares of CommonWealth REIT, announced that they have presented consents from holders of over 81% of the outstanding shares approving the proposal to remove the entire board of trustees of CommonWealth. Pursuant to the interim arbitration award, CommonWealth has five business days, or until March 25, to have the written consents inspected and the results of the new solicitation declared.
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