Starboard Delivers Open Letter to Box Stockholders

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Box (BOX) Sets the Record Straight on Value Enhancing KKR-Led Investment

May 17, 2021 12:45 PM EDT

Box, Inc. (NYSE: BOX) today issued the following statement to set the record straight in light of a letter from Starboard Value LP (Starboard) and a related complaint filed by Building Trades Pension Fund of Western Pennsylvania, the Plaintiff, in the Delaware Court of Chancery (the Lawsuit):

The Plaintiff has already agreed to voluntarily dismiss all claims set forth in the Lawsuit. Last week, the company chose to eliminate restrictions on the voting rights of the preferred stock, and KKR will be free to vote without restriction. The Box... More