Decision Time Approaches In CommonWealth's Activist Fight

Law360, New York (October 4, 2013, 5:38 PM EDT) -- An arbitration hearing on Monday is the beginning of the end of a monthslong fight for control of CommonWealth REIT, as two hedge funds line up to defend their campaign to oust the board while the company maneuvers for shareholder support.

Related Cos. LLC and Corvex Management LP say they have enough stockholder consents to replace CommonWealth's directors following what they call years of mismanagement and unresponsive governance by Barry and Adam Portnoy, the father-and-son team that serve as CommonWealth's chairman and president.

The two funds...
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