NEW YORK, Aug. 26, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Rackspace Hosting, Inc. ("Rackspace" or the "Company") (NYSE: RAX) concerning the proposed acquisition of the Company by Apollo Global Management LLC ("Apollo").
Under the terms of the offer, Apollo would acquire Rackspace in a transaction valued at approximately $4.3 billion. Pursuant to the deal, Rackspace stockholders will receive $32 in cash per share owned.
Our investigation concerns whether the Rackspace board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Rackspace shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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