Rackspace (RAX) in Advanced Talks to be Sold to Private-Equity - DJ
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(Updated - August 4, 2016 4:00 PM EDT)
Rackspace (NYSE: RAX) is in advanced talks to be sold to private equity, according to Dow Jones, citing sources. An agreement could be announced as soon as this week.
Shares are currently halted due to a circuit breaker.
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