Today news
About the same in other media
Crown Castle rises on WSJ report Elliott has a stake worth over $2 billion
Reading now: 194
Crown Castle (NYSE:CCI) shares rose more than 3.5% in U.S. premarket trading following a report in the Wall Street Journal that activist investor Elliott Investment Management aims to advocate for changes at the wireless tower owner.
With a stake exceeding $2 billion, Elliott plans to engage in discussions with the company to implement changes that will enhance its stock performance.
This marks Elliott's latest effort to instigate changes at Crown Castle. In 2020, the activist investor urged a strategic review of the company's fiber business.
The CCI stock has depreciated by approximately 50% since reaching its record high, with a 24% decline this year as of the latest close.
Read more on investing.comAbout this in other media
Over 45 smallcap stocks rise 10-35% as Sensex reports longest weekly winning run in 3 years; do you own? livemint.com /10 months ago
Desmarais-backed Sagard buys stake in U.S. private equity firm, boosting assets under management to $25 billion financialpost.com /10 months ago
Multibagger IT stock Birlasoft rises 120% in YTD. Experts predict more rally livemint.com /10 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
