Irenic Applauds Equity Commonwealth's Decision to Heed Shareholder Feedback and Pursue a Liquidation
NEW YORK--(BUSINESS WIRE)--Jul 31, 2024--
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20240731606841/en/
CONTACT: Jeff Shookus
Irenic Capital Management
contact@irenicmgmt.com
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: Irenic Capital Management LP
Copyright Business Wire 2024.
PUB: 07/31/2024 10:55 AM/DISC: 07/31/2024 10:56 AM
http://www.businesswire.com/news/home/20240731606841/en
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