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Overhaul ahead for Zell's Equity Commonwealth

Disparate holdings to come under scrutiny after investor-led revolt

Mr Zell: He's familiar with getting the most for investors, and changes so far have benefited shareholders, with Commonwealth shares gaining since 2013. - PHOTO: REUTERS

[CHICAGO] Since taking over Equity Commonwealth in an investor-led revolt almost three months ago, Sam Zell and his team have found buyers for more than US$200 million of properties, sold shares in a former unit and moved the company's headquarters. Now they face a bigger challenge.


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