Corvex Management LP and Related Fund Management, separately managed investment management firms which collectively own a 9.6 percent stake in shares of CommonWealth REIT (NYSE:CWH), issued a statement expressing their commitment to buy 51% of the outstanding debt of the real estate investment trust company under its credit agreements.
Commonwealth Accused of Scare Tactic Campaigns
“We would have expected that CommonWealth’s Board, in accordance with its fiduciary duties, engage with us and CommonWealth’s lenders in a discussion to secure appropriate advance waivers or appropriate refinancing, in the event shareholders elect to remove the entire Board of trustees,” according to the firms.
Massif Capital’s Top Short Bets In The Real Asset Space [Exclisuve]
