CommonWealth fires back at dissident shareholders

|By:, SA News Editor

"Related/Corvex's business plan for CommonWealth REIT (CWH) is reckless and not credible given [their] track record of destroying shareholder value in publicly owned real estate companies," says CommonWealth management, responding to the consent solicitation.

Adam Portnoy: "Related/Corvex's recent actions only reinforce that they are using the veil of corporate governance to pursue control of CWH for their own benefit. We believe that Related/Corvex's handpicked slate of trustees will work on behalf of Related/Corvex rather than all CWH shareholders."