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Crown Castle co-founder launches proxy fight after being rebuffed from Elliott effort
CCICrown Castle(CCI) CNBC·2024-02-20 17:00

A co-founder of telecommunications company Crown Castle has nominated a rival slate of directors to the firm's board, muddying the waters months after activist investor Elliott Management and Crown Castle signed a cooperation agreement.Ted Miller, who helped launch the company in 1994, along with his investment vehicle Boots Capital presented his thesis to investors in a release Tuesday, urging the company to sell its fiber business and improve operational efficiency.The slate of four directors he's nominat ...