CommonWealth REIT Confirms Receipt of Unsolicited Indication of Interest from Corvex / Related
28 Março 2013 - 5:30PM
Business Wire
CommonWealth REIT (NYSE: CWH) (“CommonWealth” or “the Company”)
today confirmed that it has received an unsolicited and non-binding
indication of interest from Corvex Management LP ("Corvex") and
Related Fund Management, LLC ("Related") to acquire up to 100% of
the outstanding shares of CWH for $24.50 per share.
Consistent with its fiduciary duties, the CWH Board of Trustees
will carefully review the indication of interest in consultation
with its legal and financial advisors, and pursue the course of
action that it believes is in the best interests of CWH and its
shareholders. CommonWealth shareholders need not take any action at
this time with respect to the indication of interest.
The Company, its Trustees and certain of its executive officers
and Reit Management & Research LLC and certain of its
directors, officers and employees may be deemed to be participants
in the solicitation of consent revocations from shareholders in
connection with the consent solicitation being conducted by Corvex
Management LP and Related Fund Management, LLC (the "Consent
Solicitation"). On March 27, 2013, the Company filed a revised
preliminary consent revocation statement with the SEC in response
to the Consent Solicitation. The Company will furnish a definitive
consent revocation statement to its shareholders, together with a
BLUE consent revocation card. SHAREHOLDERS ARE URGED TO READ THE
CONSENT REVOCATION STATEMENT (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE
COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. Additional information
regarding the identity of these potential participants and their
direct or indirect interests, by share holdings or otherwise, is
set forth in the revised preliminary consent revocation statement
and other materials to be filed with the SEC in connection with the
Consent Solicitation.
Shareholders will be able to obtain, free of charge, copies of
the consent revocation statement and any other documents to be
filed by the Company with the SEC in connection with the Consent
Solicitation at the SEC's website (http://www.sec.gov), at the
Company's website (http://www.cwhreit.com) or by requesting
materials from the firm assisting the Company in the solicitation
of consent revocations, Innisfree M&A Incorporated, toll-free
at 877-750-5836.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the New York
Stock Exchange. No shareholder, Trustee or officer is personally
liable for any act or obligation of the Trust.
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