Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  COMH REIT       

SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

CommonWealth REIT : Maryland State Court Upholds CommonWealth REIT's Arbitration Bylaw

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/08/2013 | 11:35pm CEST

CommonWealth REIT (NYSE: CWH) today announced that the Circuit Court for Baltimore City (the "Court") referred to arbitration the pending litigation in the Court brought by Corvex Fund Management LP ("Corvex") and Related Fund Management, LLC's ("Related," and together with Corvex, "Corvex/Related"). All remaining issues in the litigation between CWH and Corvex/Related will be determined in the resulting arbitration. The Court also ordered Corvex/Related to pay the Court's costs in connection with its motions.

CommonWealth REIT is a real estate investment trust, or REIT, which primarily owns office properties located throughout the United States. CWH is headquartered in Newton, MA.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON CWH'S CURRENT EXPECTATIONS BUT THEY ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR VARIOUS REASONS, INCLUDING SOME REASONS BEYOND CWH'S CONTROL. FOR EXAMPLE:

  • THIS PRESS RELEASE SAYS THE CURRENT MARYLAND LITIGATION HAS BEEN REFERRED TO ARBITRATION. CORVEX/RELATED MAY APPEAL THIS DECISION AND IT MAY BE SUBSEQUENTLY OVERTURNED.
  • THE FACT THAT THE COURT UPHELD CWH'S ARBITRATION BYLAW MAY IMPLY THAT CWH WILL PREVAIL ON ALL ISSUES IN THE ARBITRATION. ARBITRATION RESULTS ARE UNCERTAIN AND THERE CAN BE NO ASSURANCE THAT CWH WILL PREVAIL.

FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE. EXCEPT AS MAY BE REQUIRED BY APPLICABLE LAW, CWH DOES NOT INTEND TO UPDATE THE FORWARD LOOKING STATEMENTS IN THIS PRESS RELEASE AS A RESULT OF NEW INFORMATION WHICH MAY COME TO ITS ATTENTION.

Investors
CommonWealth REIT
Carlynn Finn, 617-796-8222
Senior Manager, Investor Relations
or
Innisfree M & A Incorporated
Larry Miller/Jennifer Shotwell/Arthur Crozier
212-750-5833
or
Media
CommonWealth REIT
Timothy A. Bonang, 617-796-8222
Vice President, Investor Relations
or
Joele Frank, Wilkinson Brimmer Katcher
Andrew Siegel/Jonathan Keehner
212-355-4449


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMH REIT
03/16 EQUITY COMMONWEALTH : Amendments to Articles of Inc. or Bylaws; Change in Fiscal..
03/15 EQUITY COMMONWEALTH : Sets 2017 Annual Meeting of Shareholders and Increases Sha..
03/02 EQUITY COMMONWEALTH : to Participate in Citi 2017 Global Property Conference
02/16 EQUITY COMMONWEALTH : Management's Discussion and Analysis of Financial Conditio..
02/16 EQUITY COMMONWEALTH : reports 4Q results
02/15 EQUITY COMMONWEALTH : Results of Operations and Financial Condition (form 8-K)
02/15 EQUITY COMMONWEALTH : Reports Fourth Quarter and Full Year 2016 Results
01/20 EQUITY COMMONWEALTH : Announces Tax Treatment of 2016 Distributions
01/12 EQUITY COMMONWEALTH : Declares Series D Preferred Dividends
01/09 EQUITY COMMONWEALTH : Announces Fourth Quarter and Full Year 2016 Earnings Confe..
More news
Sector news : Office REITs
03/24DJLAND SECURITIES : in Talks With Deutsche Bank to Pre-Let 21 Moorfields
03/23DJSears Creates Stir As It Casts Doubt About Its Future -- WSJ
03/10 SEGRO : buys remaining stake in Airport Property Partnership JV for 365 million ..
03/10DJSEGRO : Buys Remaining of Properties at Heathrow Airport; Raises Money
03/01DJMall REITs Shrug Off Department Store Closures
More sector news : Office REITs
Advertisement
Financials ($)
Sales 2017 421 M
EBIT 2017 78,7 M
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 445,29
P/E ratio 2018 259,75
Capi. / Sales 2017 9,18x
Capi. / Sales 2018 9,84x
Capitalization 3 867 M
More Financials
Technical analysis trends COMH REIT
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 32,8 $
Spread / Average Target 5,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
David A. Helfand President, Chief Executive Officer & Trustee
Samuel Zell Chairman
David S. Weinberg Chief Operating Officer & Executive Vice President
Adam Scott Markman Chief Financial Officer, Treasurer & EVP
James Scott Corl Independent Trustee
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
COMH REIT3 867
BOSTON PROPERTIES, INC..4.40%20 202
SL GREEN REALTY CORP-1.91%10 611
NIPPON BUILDING FUND I..-4.33%7 952
JAPAN REAL ESTATE INVE..-5.49%7 185
HUDSON PACIFIC PROPERT..-2.16%5 310
More Results