- Still on the ropes and trying to make nice, CommonWealth REIT (CWH) management amends its bylaws to make it easier for dissidents to win board seats, and has eliminated the "dead hand" provisions of its poison pill.
- "The changes announced today provide shareholders with a clear path to effect any desired change at CommonWealth through customary channels, and without the disruptive and potentially value destructive impacts of the hostile takeover advocated by Corvex/Related."
- Press release
CommonWealth management moves to save itself
Dec 23 2013, 08:38 ET