Raymond James Downgrades Rackspace (RAX) to Underperform
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Rackspace Enters Into a $4.3 Billion Transaction to Become a Private Company Through an Acquisition Led by Certain Funds Managed by Affiliates of Apollo Global Management
August 26, 2016 8:48 AM EDTSAN ANTONIO, TX -- (Marketwired) -- 08/26/16 --
Rackspace stockholders to receive $32.00 per share in cashTransaction expected to provide Rackspace with additional flexibility to deliver the multi-cloud services that customers seekDeal expected to close in Q4 2016Rackspace (NYSE: RAX), the #1 managed cloud company, today announced that it has entered into a definitive agreement with... More
