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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...

Operator Good day. Thank you for standing by. Welcome to the McAfee first-quarter 2021 earnings conference call. [Operator instructions] I would like to hand the conference over to your speaker today, Eduardo Fleites, vice president of investor relations. Please go ahead. Vice President of Investor Relations Thank you, operator. Good afternoon and thank you for joining us today to discuss McAfee's first-quarter earnings results for the period ended March 27, 2021. Participating on today's call are Peter Leav, president and CEO; Venkat Bhamidipati, executive vice president and chief financial ...

Private equity firm Symphony Technology Group (STG) has agreed to buy McAfee’s enterprise business for US$4 billion, turning the legendary cybersecurity firm into a pure-play consumer business. The platform security company is following in the footsteps of top rival Symantec, which sold its enterprise business to Broadcom in November 2019 for US$10.7 billion and continues to operate its consumer business under the NortonLifeLock brand. This time around, McAfee’s enterprise business will be rebranded while its consumer business continues to be publicly traded under the McAfee name. “STG...

Posted on 1938 McAfee Corp. (NASDAQ: MCFE)reported entry into a definitive agreement to sell its Enterprise business to a consortium led by Symphony Technology Group in an all-cash transaction for USD 4 Billion.  The transaction is anticipated to close at the end of 2021, subject to certain customary regulatory approvals and closing conditions.  McAfee President and Chief Executive Officer, Peter Leav, commented “STG is the right partner to continue strengthening our Enterprise business, and this outcome is a testament to the b...

Private equity firm Symphony Technology Group (STG) has agreed to buy McAfee’s enterprise business for $4 billion, turning the legendary cybersecurity firm into a pure-play consumer business.