Seeking Alpha

Equity Commonwealth (EQC)

  • Apr. 15, 2013, 1:23 PM
    "It is disgraceful that CWH would unilaterally attempt to take away a right shareholders have had since 1986 solely in an effort to further entrench its underperforming leadership team," write Corvex and Related, responding to the board's efforts to ward off a takeover. The two fund managers will move forward with efforts to remove the entire board.
    | Apr. 15, 2013, 1:23 PM | 3 Comments
  • Apr. 15, 2013, 10:47 AM
    No surprise, CommonWealth REIT (CWH) rejects a $24.50/share takeover bid from Corvex Management and Related Fund Management, calling the offer conditional, without financing, and (essentially) an attempt to steal the company. The board also adopts rules designed to thwart a takeover. (PR)
    | Apr. 15, 2013, 10:47 AM | 1 Comment
EQC vs. ETF Alternatives
Company Description
Equity Commonwealth is a real estate investment trust. The Company is engaged in the ownership and operation of office and industrial buildings.
Sector: Financial
Industry: REIT - Office
Country: United States