(Reuters) -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.
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”.
“The Box Board has been consistently responsive to feedback from all of its stockholders, including suggestions from Starboard ... furthermore, Starboard’s statements do not accurately depict the progress Box has made,” the company said.
The activist investor last week said it planned to nominate directors to Box’s board.
In response, Box highlighted that it had added directors to its board under an agreement with Starboard last year.
“, Starboard’s, Deborah Conrad, Peter Feld
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