DBX - Dropbox CEO says engagement with Elliott has been `friendly'

hocus-focus/iStock Unreleased via Getty Images Dropbox (DBX) CEO Drew Houston said the company's engagement with activist hedge fund Elliott Management has been "friendly." Our "conversations have been friendly," Houston said in an interview on CNBC. "There's no indication that this is an activist engagement." Dropbox has been named as a potential activist target over the past year, specifically earlier this eyar when a 13-F filing from UBS showed that the bank had picked up 7.7M shares of Dropbox in Q2. Last May, Elliott took a stake in Dropbox, according to a 13F filing at the time. Dropbox's short interest is 9.6%. Last month, Dropbox gains after Elliott Management is said to take sizeable stake.

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Dropbox CEO says engagement with Elliott has been `friendly'