We Give Shareholders a Voice
Levi & Korsinsky is investigating the Board of Directors of Rackspace Hosting, Inc. (NYSE: RAX) (“Rackspace Hosting” or “the Company”) in connection with the sale of the Company to Apollo Global Management LLC. Under the terms of the transaction, Rackspace Hosting shareholders will receive $32.00 for each share of Rackspace Hosting stock they own.
The investigation concerns whether the Board of Rackspace Hosting breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Apollo Global Management LLC is underpaying for Rackspace Hosting shares.
To receive more information, please fill out the form.