CommonWealth says Corvex/Related have not given fully financed offer

theflyonthewall.com

CommonWealth REIT said today in a regulatory filing, "In their public filings with the SEC before the Company completed its equity offering on March 5, 2013, Corvex/Related estimated that the net asset value of the Company was between $40 to $55 per Common Share. Yet, on February 27, 2013, in an attempt to derail our recent equity offering, Corvex/Related published an 'open' letter purporting to offer to acquire the Company for a purchase price of $27 per Common Share and again on March 28, 2013, Corvex/Related published a letter purporting to offer to acquire the Company for a purchase price of $24.50 per Common Share, in each case, without demonstrating they have the financing necessary to complete such an acquisition. To date, Corvex/Related has not presented a fully financed offer for the Company which is actionable by you or the Company or even committed to do so."

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