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Rackspace Hosting, Inc. (NYSE:RAX) Investor Lawsuit Against Acquisition Filed

  • If you purchased shares of Rackspace Hosting, Inc. (NYSE:RAX) and currently hold any of those NYSE:RAX shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

October 31, 2016 (Shareholders Foundation) - An investor who currently holds shares of Rackspace Hosting, Inc. (NYSE:RAX), filed a lawsuit in effort to halt the proposed takeover of Rackspace Hosting, Inc. by funds managed by affiliates of Apollo Global Management, LLC for $32.00 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:RAX sto...



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