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egtan
2021-06-24

Hmmm please viral

Box CEO says KKR investment created opportunity for all shareholders

BoxCEO Aaron Levie on Wednesday defended his company’s decision to accept a sizeable investment from

Box CEO says KKR investment created opportunity for all shareholders

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WuM
·2021-06-24
done! reply this comment pls!
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Box is using funds to execute a stock buyback program.\n\"This kind of creates an opportunity where some investors that might be more short-term oriented will be able to sell their shares back to the company,\" Levie said in the \"Mad Money\" appearance. \"If you are more long-term oriented, you can ride the upside as we continue to scale to new levels as a company.\"\nLevie said KKR would play a role in helping to boost Box's bottom line, execute acquisitions, launch new products and expand on the international stage.\nBox shares tumbled more than 9% in April after the company announced it had accepted a $500 million investment from KKR. The deal was made as Box conducted a strategic review of the company.\nThe move likely ended the chance that Box would sell itself off to another buyer as it faced pressure from the activist investor Starboard Value. 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