CommonWealth Slams Corvex's Motives In Proxy Battle

Law360, New York (February 28, 2014, 2:45 PM ET) -- CommonWealth REIT on Friday fired back at activist shareholder Corvex Management LP's bid to replace its board, saying that Corvex has a poor track record of company management and questionable motivations to overhaul CommonWealth.

Corvex has tried to implement sweeping changes in CommonWealth for over a year, saying that the real estate investment trust went through decades of mismanagement. Corvex and its allies, which own about 10 percent of CommonWealth, called for the entire CommonWealth board to step down.

CommonWealth offered Corvex head Keith Meister a...
To view the full article, register now.