The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

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

Orange Capital pulls board nominees off Partners REIT table

U.S. activist investment firm Orange Capital LLC is pulling back its recommendation to add five new directors to the board of Partners Real Estate Investment Trust.

The two firms have been locked in a proxy fight over the strategy of the REIT, a dispute that started when Orange came between the REIT and a planned acquisition.