Crown Castle co-founder launches proxy fight after being rebuffed from Elliott effort
Publishing timestamp: 2024-02-20 12:50:38
Summary
Crown Castle co-founder Ted Miller has nominated a slate of directors, including himself and his son-in-law, to the company's board, challenging the cooperation agreement with activist investor Elliott Management. Miller's plan mirrors Elliott's campaign, calling for governance changes and operational improvements. Miller had tried to join forces with Elliott before launching his own slate. Elliott disputes Miller's claims and remains a significant investor in Crown Castle.
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Keywords: telecommunications, business, mergers and acquisitions, technology, crown castle inc, breaking news, business news, activism, breaking news: technology, breaking news: business,