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Partners REIT wins proxy fight, keeps external management
Partners REIT wins proxy fight, keeps external management
(JASON FRANSON For The Globe and Mail)

Partners REIT faces off against activist

U.S. activist investment firm Orange Capital LLC is turning up the heat on Partners Real Estate Investment Trust, seeking to buy a big stake in the business and choose new directors for the corporate board. In response, the REIT plans to delay its annual meeting, while urging unitholders to steer clear of the activist firm.