|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||21.90 - 22.75|
|52 Week Range||15.07 - 26.47|
|Beta (5Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 27, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.80|
Box, Inc. (NYSE: BOX), a leading Content Cloud, today announced that it has closed the previously announced $500 million investment led by KKR. In connection with the closing of the investment, John Park, Head of Americas Technology Private Equity at KKR, has been appointed to the Box Board, effective immediately.
Activist investor Starboard Value LP launched a proxy battle on Monday to take greater control of cloud services provider Box Inc as it nominated four directors for election to the company's board. Starboard, which owns about 8% of Box, earlier said the company had failed to capitalize on the work-from-home trend during the COVID-19 pandemic, falling behind its cloud computing peers. Box, in response, said it does not believe that changes proposed by Starboard to its board were "warranted or in the best interests of all stockholders".
Box, Inc. (NYSE: BOX) today issued the following statement in response to Starboard Value LP ("Starboard"):