A co-founder of telecommunications company Crown Castle has nominated a rival slate of directors to the firm's board, muddying the waters months after activist investor Elliott Management and Crown Castle signed a cooperation agreement. Crown Castle said in a statement rejecting the slate that the Boots Capital nominees "do not possess the relevant expertise and experience." Elliott rebuffed Boots Capital's entreaties, the people said, which they described as seeking investment or access to investors. Miller had been trying to raise money for a special-purpose vehicle to launch an activist fight at Crown Castle prior to Elliott's November launch and had been in conversation with Crown Castle since at least August, the people said. Representatives for Boots Capital did not immediately respond to a request for comment.

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Persons: Elliott, Ted Miller, Boots Capital, Miller, Boots Capital's Organizations: Elliott Management, Crown, Boots, CNBC, Boots Capital