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

4-Traders Homepage  >  Equities  >  Nyse  >  COMH REIT       

SummaryNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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
07/11 EQUITY COMMONWEALTH : Declares Series D Preferred Dividends
06/20 EQUITY COMMONWEALTH : Announces Second Quarter 2016 Earnings Conference Call
06/15 EQUITY COMMONWEALTH : Submission of Matters to a Vote of Security Holders, Other..
06/06 EQUITY COMMONWEALTH : to Present at NAREIT’s REITWeek Conference
05/18 EQUITY COMMONWEALTH : Towers on the block
05/13 BRIEF : PFM financial firm moving to BNY Mellon Center
05/05 EQUITY COMMONWEALTH : reports 1Q results
05/04 EQUITY COMMONWEALTH : Reports First Quarter 2016 Results
04/26 EQUITY COMMONWEALTH : Under Contract to Sell 111 River Street
04/19DJSAM ZELL : Global Woes Will Likely Push U.S. Into Recession
More news
Sector news : Office REITs
02:22aDJBOSTON PROPERTIES : Posts Higher FFO, Boosts Guidance
07/26DJUNDER ARMOUR : Takes Former FAO Schwarz Store on Fifth Avenue
07/25 HAMMERSON : says UK property market facing uncertainty after Brexit vote
07/22DJCAPITALAND MALL : Malls Trust 2Q Distribution Per Unit Rises 1.1% Vs Year Ago
07/20DJToday's Top Supply Chain and Logistics News From WSJ
More sector news : Office REITs
Advertisement
Financials ($)
Sales 2016 546 M
EBIT 2016 119 M
Net income 2016 -
Debt 2016 -
Yield 2016 -
P/E ratio 2016 94,74
P/E ratio 2017 587,40
Capi. / Sales 2016 6,76x
Capi. / Sales 2017 6,58x
Capitalization 3 686 M
More Financials
Technical analysis trends COMH REIT
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus HOLD
Number of Analysts 5
Average target price 30,0 $
Spread / Average Target 2,1%
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 686
BOSTON PROPERTIES, INC..8.87%21 363
SL GREEN REALTY CORP2.68%11 593
NIPPON BUILDING FUND I..10.24%8 558
JAPAN REAL ESTATE INVE..6.86%7 848
HIGHWOODS PROPERTIES I..24.79%5 283
More Results