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Stock Market & Financial Investment News

News Breaks
June 13, 2014
16:42 EDTCCICrown Castle files Form 4 in connection with recent operation as REIT
Crown Castle International announced that its newly formed, wholly owned subsidiary, Crown Castle REIT, filed a proxy statement/prospectus on Form S-4 with the SEC in connection with Crown Castle's recent commencement of operations as a real estate investment trust. Crown Castle proposes to merge with and into CCR in connection with adopting certain charter provisions that implement REIT-related ownership limitations and transfer restrictions related to its capital stock, subject to approval by the holders of Crown Castle's common stock. Crown Castle expects to hold a special meeting of stockholders in the fourth quarter for the purpose of voting on the proposed merger. As previously disclosed, Crown Castle commenced operating as a REIT for U.S. federal income tax purposes effective January 1.
News For CCI From The Last 14 Days
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March 30, 2015
15:13 EDTCCIPE firm Providence amid advancing bidders for Crown Castle assets, AFR says
Reference Link
March 27, 2015
16:27 EDTCCICrown Castle files automatic mixed securities shelf
March 19, 2015
09:55 EDTCCIBrookfield 'strong contender' in Crown Castle telecom auction, Australian says
The auction for Crown Castle's (CCI) Australian telecom tower business saw multiple companies submitting indicative bids this week, reported The Australian yesterday. Brookfield (BAM) is "one of the strongest contenders" partly due to its desire for investment in the sector, notes The Australian, adding that the company is said to have pulled in one or two partners for its Crown Castle bid. Macquarie Group's (MQBKY) Infrastructure and Real Assets has also expressed interest. Reference Link

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