Crown Castle Stockholders Approve Merger With Wholly Owned Subsidiary

HOUSTON, Nov. 19, 2014 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) ("Crown Castle") announced today that, at a special meeting of stockholders held earlier today, its stockholders voted to adopt the previously announced merger agreement with its wholly owned subsidiary, Crown Castle REIT Inc. ("CCR"). As previously disclosed, Crown Castle commenced operating as a real estate investment trust ("REIT") for U.S. federal income tax purposes effective January 1, 2014 and proposes to complete the merger to ensure the effective adoption of certain charter provisions that implement REIT-related ownership limitations and transfer restrictions related to its capital stock. The merg...

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