Hedge Fund and Insider Trading News: Dan Loeb, Nicolai Tangen, Millennium Management, Starboard Value L.P., Archegos Capital Management, BorgWarner Inc. (BWA), B. Riley Financial Inc (RILY), and More
Millennium Management will open two more offices in Florida as its staff joins a growing southward migration. The $50 billion hedge fund firm will have outposts in Miami and West Palm Beach, according to a person familiar with the matter. The move is mostly driven by its portfolio managers’ preference for the state, which doesn’t tax income, estates or capital gains. Meanwhile, top earners in New York City face among the highest state and local taxes in the U.S.
Starboard Puts Forth Box Board Slate Saying Promises Unkept The hedge fund says Box hasn t narrowed its valuation gap relative to peers as it said it would two years ago.
Bloomberg | May 10, 2021
Scott Deveau (Bloomberg) Activist investor Starboard Value has nominated a minority slate for the board of Box Inc. that will pit its nominees against Chief Executive Officer Aaron Levie and two other directors seeking re-election this year.
Starboard said in a letter to the software company’s shareholders it’s put forth four directors for the three seats to be voted on. The additional nominee will give Starboard some flexibility if Box expands the number of seats up for grabs ahead of the annual general meeting.
Activist investor Starboard Value puts more pressure on Box and CEO Aaron Levie - Silicon Valley Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Box and Dolby Transform Media in the Cloud
New Integration Provides Box Users Worldwide Access to Automated Audio Enhancement Tools Powered by Industry-Defining Dolby Technology
May 03, 2021 08:30 ET | Source: Dolby Laboratories Dolby Laboratories San Francisco, California, UNITED STATES
REDWOOD CITY, Calif. and SAN FRANCISCO, May 03, 2021 (GLOBE NEWSWIRE) Box, Inc. (NYSE:BOX), the leading Content Cloud, and Dolby Laboratories, Inc. (NYSE:DLB), a leader in immersive entertainment experiences, announced a new integration that makes production-quality audio as simple as uploading a file to Box. With
Dolby.io, companies using Box can offer their users seamless and cost-effective audio enhancement tools that leverage Dolby’s decades of expertise enabling best-in-class entertainment experiences, all within Box.