Corvex & Related urge immediate clarification on special meeting

|By:, SA News Editor

Commonwealth (CWH +0.2%) management says the NYSE has threatened action against the company's Big Board listing due to the fact that 81% of company shareholders have voted to boot the board, but Corvex & Related note the NYSE has also said it will hold off as long as a special meeting to elect a new board is held sometime in the area of May 23.

C&R urge the company and its advisors to take action to move the process along by the close of business today.