Corvex Group Offers to Buy CommonWealth REIT for $24.50 a Share

Corvex Management LP and Related Cos offered to buy CommonWealth REIT (CWH) for $24.50 a share and said they will pursue removing the company’s board if a takeover bid isn’t accepted.

The proposal represents a reduction from the investor group’s February bid of $27 a share following a CommonWealth equity offering, Corvex and Related said today in a statement. They own about 9 percent of the real estate investment trust.

To contact the reporter on this story: Brian Louis in Chicago at blouis1@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net

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