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- After a challenge from its co-founder, Crown Castle (NYSE:CCI) prevailed at its annual meeting, with shareholders electing the REIT's entire slate of nominees to the board, the company said on Wednesday.
- In February, Ted Miller nominated four candidates for the board and outlined a plan to revamp operations, including selling its fiber assets. A few days later, he sued the company over Crown Castle's (CCI) agreement with activist investor Elliott Investment Management.
- The election results announced today are preliminary, CCI said.
- Crown Castle (CCI) thanked its shareholders for their support. " Along with our new CEO, Steven Moskowitz, the board continues to take action, including conducting the strategic and operational review of our fiber and small cell business already underway, to improve performance and unlock shareholder value," the company said.
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