New York, NY -- (ReleaseWire) -- 02/27/2013 -- Corvex Management, LP and Related Fund Management, LLC announced that investment funds managed by them collectively own approximately 9.8% of the outstanding common shares of CommonWealth REIT (NYSE:CWH).
Corvex and Related believe that CWH's portfolio of real estate assets trade at a substantial discount to fair value due to a misalignment of incentives between the Company and its external advisor, REIT Management & Research LLC and track record of underperformance.
Corvex and Related have released an open letter to the Company's Board of Trustees demanding that the Company immediately cease a value destroying equity offering and debt repurchase, and enter into discussions with Corvex and Related regarding maximizing long-term value for all CWH shareholders.
Find out where CWH could be headed by getting the free trend analysis report here: http://www.wallstreetscoop.net/market-scan/?symbol=CWH
Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) last traded at 1.62, up $0.11 nearly 7.28%. The stock traded at a volume of 1.21M in the last session. The Company has a market cap of 108.61M. The stock has a 52 week range of 0.70 - 4.40.
Chelsea Therapeutics International, Ltd. is a development stage pharmaceutical company that focuses on acquiring, developing and commercializing products for the treatment of a variety of human diseases. The Company is developing a therapeutic agent for the treatment of symptomatic neurogenic orthostatic hypotension (NOH), associated with primary autonomic failure and falls related to NOH in Parkinson’s Disease (PD), as well as other norepinephrine-related conditions and diseases.
Find out where CHTP could be headed by getting the trend analysis report here: http://www.wallstreetscoop.net/market-scan/?symbol=CHTP
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