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NEW YORK CITY—Corvex Management LP, which earlier this year succeeded in removing the entire board of what was then known as CommonWealth REIT, has turned its attention from office properties to cellphone towers. In a letter to shareholders in Crown Castle International Corp., the Houston-based wireless infrastructure owner/operator, Corvex’s Keith Meister said CCI should put off its possible $6-billion acquisition of Verizon‘s tower network until it changes its capital allocation plan to improve shareholder value.

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