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Aug, 2016 : $4.3 Billion Deal has been Reached by Rackspace
📅 - Rackspace has reached a deal to go private after many weeks of speculation with a private equity firm. The deal is for a projected $4.3 million and is expected to close in Q4 2016. Since the deal was announces, shares for Rackspace are up 4%.
Shareholders will be paid $32 per share, in cash, which is a 38% premium compared to the closing price on August 3rd, 2016. This news comes on the heels of Rackspace letting the Cloud Sites unit go and moving employees over to the Liquid Web team.
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Reads: 946 | Category: General | Source: TheHN : The Hosting News
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