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Rackspace goes private

Saturday 5 November 2016 | 19:14 CET | News
Rackspace has gone private following the completion of its takeover by Apollo Global Management. The transaction, at USD 32.0 per share, valued the company at USD 4.3 billion. With closure, Rackspace shares will no longer trade on the New York Stock Exchange, effective immediately. Rackspace CEO Taylor Rhodes said the company will now focus on long-term growth and expanding its leadership of the managed cloud market.

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Categories: Fixed / IT
Companies: Rackspace
Countries: World
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