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CommonWealth REIT Confirms Receipt Of Unsolicited Indication Of Interest

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

CommonWealth REIT (CWH) confirmed Thursday that it has received an unsolicited and non-binding indication of interest from Corvex Management LP and Related Fund Management, LLC to acquire up to 100% of the outstanding shares of CommonWealth REIT for $24.50 per share.

CommonWealth REIT said its Board of Trustees will carefully review the indication of interest in consultation with its legal and financial advisors, and pursue the course of action that it believes is in the best interests of the trust and its shareholders.

CommonWealth REIT said its shareholders need not take any action at this time with respect to the indication of interest.

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