Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Rackspace Hosting Inc (NYSE: RAX) acted responsibly on behalf of investors’ profitability in the planned $4.3 billion sale to Apollo Global Management LLC.

On August 26, 2016, Rackspace Hosting Inc (NYSE: RAX) and Apollo Global Management LLC announced that they had entered into a merger agreement. Under the terms of the merger agreement, Apollo will offer Rackspace shareholders $32.00 per share in cash for all outstanding shares.    

Based in San Antonio, Texas, and founded in 1998 Rackspace Hosting Inc provides managed cloud services in the business information technology market globally.

The investigation is looking to uncover whether Rackspace Hosting Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $44.00 per share.

If you purchased Rackspace Hosting Inc (NYSE: RAX) prior to August 26, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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