Crown Castle co-founder launches proxy fight after being rebuffed from Elliott effort
CCICrown Castle(CCI) CNBC·2024-02-21 01:00

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 nomin ...