Rackspace to be Acquired for $4.3B

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Rackspace to be Acquired for $4.3B
Rackspace announced that it is being acquired in an all-cash deal valued at $4.3B. Pending regulatory anti-trust approval, the firm will be taken private by a group of investors led by Apollo Global Management in Q4 of 2016. This valuation equates to a price of $32/share. The 38% premium cited ... read more
Source: rstephensPublished on 2016-08-26

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