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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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December 10, 2014
10:00 EDTCCIOn The Fly: Analyst Downgrade Summary
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08:00 EDTCCICrown Castle downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded Crown Castle as the firm expects the company to be negatively impacted by more disciplined capex spending by the carriers.

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