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Box Shares Soar on Starboard Stake

By Carleton English
· · Source: The Information

Box shares jumped 12.3% Wednesday, the day after activist hedge fund Starboard Value unveiled a 7.5% stake in the file-storage and sharing company. Starboard is known for turning around Olive Garden’s parent Darden Restaurants, after winning control of the company’s board. In tech Starboard mounted an activist campaign against AOL, prompting the online company to sell a portfolio of patents to...

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