CommonWealth Touts Governance Tweaks Amid Proxy War

Law360, New York (March 11, 2014, 4:24 PM EDT) -- CommonWealth REIT, embroiled in a long-running proxy battle with a pair of activist funds seeking to remake the property owner's board of trustees, went on the offensive Tuesday with a letter to shareholders that props up its business strategy and outlines the benefits of recent changes. 

The Massachusetts-based real estate investment trust, which has been facing pressure from New York-headquartered Corvex Management LP and The Related Cos. LP for more than a year, sent the letter urging shareholders to reject the activist funds' bid for consent...
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