CommonWealth REIT, the majority shareholder of a real estate investment trust that is Hawaii’s largest owner of industrial land, has rejected a $2.9 billion buyout offer from Keith Meister’s Corvex Management LP and the Related Cos.
The Boston Business Journal reports Newton, Mass.-based CommonWealth REIT (NYSE: CWH) — which owns a 56 percent controlling interest in Select Income REIT (NYSE: SIR), which owns more than 400 acres of industrial land in Mapunapuna, Sand Island, Kalihi and Kapolei…
via Honolulu Business News – Local Honolulu News | Pacific Business News of Honolulu http://feeds.bizjournals.com/~r/bizj_pacific/~3/0OsXvCHD3EM/commonwealth-reit-rejects-29b.html
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