Corvex, Related increase offer for CommonWealth REIT

Wed Feb 27, 2013 2:38pm EST

Feb 27 (Reuters) - Activist investor Keith Meister and real estate major Related Cos said they were prepared to increase their buyout offer for CommonWealth REIT to $2.26 billion, or $27 per share.

The increased proposal is subject to CommonWealth cancelling its planned equity offering and engaging in talks, Corvex and Related wrote in a letter to the real estate trust's board obtained by Reuters.