Starboard Delivers Open Letter to Box (BOX) Stockholders

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Go back to Starboard Delivers Open Letter to Box (BOX) Stockholders

Starboard Delivers Open Letter to Box Stockholders

May 17, 2021 8:00 AM EDT

NEW YORK, May 17, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with an ownership interest of approximately 8% of the Company's outstanding shares, today delivered an open letter to Box stockholders reiterating its significant concerns with the Company's $500 million convertible preferred equity financing and the Board's continued refusal to engage constructively with Starboard. In the letter, Starboard also disclosed its intention to submit a Books and Records request, pursuant to Section 220 of the Delaware... More