: Crown Castle draws positive comment from Elliott after it names interim chief executive

Crown Castle Inc.’s stock CCI was up by 0.6% in premarket trading on Friday after activist investor Elliott Investment Management LP said the company’s move to replace its chief executive marked a “step in the right direction” for the cell tower real estate investment trust. Crown Castle said late Thursday that Jay Brown plans to retire as chief executive on Jan. 16. The company named board member Anthony Melone as interim chief executive at that time. The board will conduct a search to find...