CommonWealth owners vote to throw out board

|By:, SA News Editor

Shareholders representing 81% of CommonWealth REIT (CWH) stock have voted to remove the company's board, according to Corvex and Related - the dissident investors leading the consent solicitation.

The company, say the two, has five business days to have the consents inspected and results officially declared.

Keith Meister and Jeff Blau: "The shareholders have exercised their rights and we look forward to working with the trustees in the coming days to arrange for an orderly transition process that best protects the interests of all shareholders."

Shares gained 4.9% to $28.12 - a multi-year high - in after-hours trade last night.