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Stock impact report

UPDATE 1-ISS backs Crown Castle nominees in board fight with co-founder Miller's Boots Capital [Yahoo! Finance]

Crown Castle Inc. (CCI) 
Last crown castle inc. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.crowncastle.com
Company Research Source: Yahoo! Finance
NEW YORK, May 10 (Reuters) - Crown Castle co-founder Ted Miller suffered a setback on Friday when a prominent proxy advisory firm urged investors to back the wireless tower owner's director nominees instead of the four people he wants shareholders to elect to the board. Institutional Shareholder Services (ISS) wrote there is "no case for incremental change at this juncture" after prominent activist investor Elliott Investment Management pushed for changes late last year and the company took quick action. Crown Castle, with a market value of $43 billion, now has a new chief executive officer, is reviewing the future of its fiber business and added new directors, including Elliott portfolio manager Jason Genrich. Miller, who served as Crown Castle's CEO between 1996 and 2002, when he resigned, and now runs investment fund Boots Capital, also wants the company to sell the fiber business. He argued that he and his partners should join the board so they could help find a buyer for Show less Read more
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