Corvex, Related Raise REIT Bid To $2.2B While Suing Board

Law360, New York (February 27, 2013, 7:42 PM EST) -- Hedge fund Corvex Management LP and Related Fund Management LLC heated up their battle for CommonWealth REIT on Wednesday, raising their bid to $2.2 billion and launching a lawsuit at board members to block an upcoming share sale.

Corvex and Related, which own about 9.8 percent of CommonWealth's outstanding common shares, are looking to stop an upcoming share offering that the companies allege will be dilutive. On the heels of filing a suit in Maryland court to block the equity sale, Corvex and Related have also...
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