- "Since a picture is worth a thousand words, we invite shareholders to click here," write Corvex and Related, updating their presentation on CommonWealth REIT (CWH +1.3%), with the clickbait being a chart of returns of Sam Zell-chaired REITs vs. that of CommonWealth, and vs. the cumulative fees paid to the Portnoys' management company since 1997.
- The Cliff's Notes: Fees to RMR is the winner, with the performance of Zell's REITs impressive, but finishing 2nd. Aways back in 3rd is the common stock of CommonWealth.
- Corvex and Related have delivered a formal request for a record date for their consent solicitation and say the action will be completed no later than March 20.
- Press release
Corvex/Related with another tweak of the Portnoys
Feb 14 2014, 12:39 ET