Share prices of Box (NYSE: BOX) were down around 10% last week after it announced a new funding round from investment firm KKR (NYSE: KKR) . The $500 million investment was likely a counterpunch to Starboard Value, which has held an activist stake in Box since the fall of 2019 and has increasingly tried to take control of the meandering software-as-a-service ( SaaS ) company.
Here's why these two funds are competing for control of Box stock, and how things may shake out going forward.
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For further details see:
Why Two Hedge Fund Giants Are Fighting Over Box Stock