Raymond James Downgrades Rackspace (RAX) to Underperform
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Apollo Global to Acquire Rackspace (RAX) in $4.3B Deal
August 26, 2016 8:49 AM EDTRackspace (NYSE: RAX) entered into a definitive agreement with affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO), a leading global alternative investment manager, to be acquired for $32.00 per share in cash. In connection with the transaction, funds managed by Searchlight Capital Partners, L.P. will make a strategic equity investment in the acquired company. The transaction has a total value of $4.3 billion, which includes the assumption of $43 million of net cash. Upon completion of the transaction, Rackspace will become a privately held... More
Rackspace (RAX) halted for trading with recent takeover rumors surrounding the company
August 26, 2016 8:40 AM EDTRackspace (NYSE: RAX) halted for trading with recent takeover rumors surrounding the company
... More