Crown Castle ‘Seems to Know There Is a Problem, but Refuses to Acknowledge It,’ Elliott Charges - Financial Investment News -BoardProspects

Crown Castle ‘Seems to Know There Is a Problem, but Refuses to Acknowledge It,’ Elliott Charges

Financial Investment News Aug 17 2020 BoardNews

Crown said Monday it is “open to considering opportunities to create value.” Dreamstime Activist investor Elliott Management is ratcheting up the pressure on Crown Castle . The hedge fund disclosed a $1 billion stake in the Houston-based cell tower firm last month , arguing that Crown wasn’t getting proportional rewards for its hefty investment of time and money in its fiber-cable business...
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1. Crown Castle is confident that its strategy is delivering significant, measurable results and best positions the Company to create superior long-term shareholder value.
Topics Mentioned
- Board of directors
- Management
- Elliott Management
- Hedge Fund
- Dow
- Elliott
- Activist
- Jesse Cohn
- Crown Castle
- Investment
- stake
- shareholder value
- Investor
Authors
- Carleton English