Irenic Applauds Equity Commonwealth's Decision to Heed Shareholder Feedback and Pursue a Liquidation
31 Julio 2024 - 9:55AM
Business Wire
Irenic Capital Management, LP, one of the top shareholders of
Equity Commonwealth (NYSE: EQC) (“EQC” or the “Company”), today
issued the following statement regarding the Company’s decision to
pursue a liquidation following shareholder feedback:
"We commend Equity Commonwealth's Board and its management team
for making the difficult but correct decision to recommend a
liquidation. At the risk of being too subtle: we're pleased."
About Irenic
Irenic Capital Management, LP is an investment management firm
founded by Adam Katz and Andy Dodge. Based in New York City, Irenic
works collaboratively with publicly traded companies to ensure
operating activities, capital deployment and management incentives
are all aligned to create value for the company and its owners. For
more information about Irenic, please visit www.irenicmgmt.com.
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Jeff Shookus Irenic Capital Management
contact@irenicmgmt.com