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Rackspace to go private in USD 4.3 bln takeover by Apollo
2016-08-29 08:51:00| Telecompaper Headlines
(Telecompaper) Rackspace has agreed to go private in a takeover by Apollo Global Management valuing the company at USD 4.3 billion. Searchlight Capital Partners will also make an equity investment in the company as part of the deal. The bid is worth USD 32 per Racksapce share, a premium of 38 percent on the company's share price on 03 August, the day before news of a possible takeover was reported. Rackspace said its board had been considering strategic options for several months and fully recommended the takeover to shareholders. Subject to shareholder and regulatory approval, the acquisition is expected to close in the fourth quarter.
Tags: private
usd
apollo
takeover
Rackspace Hosting, Inc. (RAX) Rating Increased to Buy at Vetr Inc.
2016-04-17 04:44:32| Telecom - Topix.net
The firm presently has a $26.17 price target on the hosting company's stock. Vetr 's price objective points to a potential upside of 9.18% from the company's current price.
Tags: inc
buy
rating
increased
Rackspace Hosting, Inc. (RAX) Rating Increased to Buy at Vetr Inc.
2016-04-17 04:08:32| IT Services - Topix.net
The firm presently has a $26.17 price target on the hosting company's stock. Vetr 's price objective points to a potential upside of 9.18% from the company's current price.
Tags: inc
buy
rating
increased
Rackspace Hosting, Inc. (RAX) Upgraded at Vetr Inc.
2016-04-03 00:52:10| IT Services - Topix.net
The firm presently has a $23.30 price objective on the hosting company's stock. Vetr 's target price suggests a potential upside of 7.23% from the stock's current price.
Tags: inc
hosting
upgraded
rackspace
Rackspace Hosting, Inc. (RAX) Upgraded at Vetr Inc.
2016-04-03 00:43:43| Telecom - Topix.net
The firm presently has a $23.30 price objective on the hosting company's stock. Vetr 's target price suggests a potential upside of 7.23% from the stock's current price.
Tags: inc
hosting
upgraded
rackspace
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