FCA’s board as well as Peugeot’s board to meet today on proposed $50B planned merger

On Tuesday, sources with knowledge of the matter at hand disclosed, Fiat Chrysler Automobiles NV’s board is scheduled to meet later this afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA. Peugeot’s board is also expected to meet this afternoon and is expected to consider a memorandum of…

Salesforce.com appoints Keith Block as its Co-CEO

The development sees Keith Rock, currently Salesforce.com’s COO, joining its board along with Parker Harris, a co-founder who is also its CTO. Salesforce.com Inc, a U.S. sales and marketing software company disclosed, its board has appointed Keith Block, who ic currently its Chief Operating Officer, as its joint-chief executive officer. Since joining Salesforce in 2013,…

Activist hedge fund Starboard Value LP to nominate 9 members to Mellanox’s board

While Mellanox clocked 19% to 30% in revenues in 2014 to 2016, its current revenue target is 0.5%. Starboard Value LP, an ativist hedge fund has begun a proxy fight for control of Mellanox Technologies Ltd, an Israeli chipmaker, which it said is deeply undervalued. Starboard, holding a 10.7% stake – the largest shareholder of…

Cisco’s CEO joins BlackRock’s board

The move underscores BlackRock’s drive towards technologically backed investment decisions. The world’s largest asset manager, BlackRock Inc, has disclosed that Chuck Robbins, Cisco Systems Inc’s Chief Executive has been nominated to serve on its board of directors. In its statement BlackRock disclosed that Robbins will be joining the board as an independent director, if elected…