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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Apollo Global Management Inc | NYSE:APO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -3.02 | -2.69% | 109.05 | 113.33 | 109.22 | 113.00 | 3,300,741 | 01:00:00 |
From May 2019 to May 2024
NEW ORLEANS, Aug. 26, 2016 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Rackspace Hosting, Inc. ("Rackspace" or the "Company") (NYSE: RAX) to affiliates of funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO). Under the terms of the proposed transaction, shareholders of Rackspace will receive only $32.00 in cash for each share of Rackspace that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
Logo - http://photos.prnewswire.com/prnh/20160819/399590LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rackspace-investor-alert-by-the-former-attorney-general-of-louisiana-kahn-swick--foti-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-rackspace-hosting-inc-300319009.html
SOURCE Kahn Swick & Foti, LLC
Copyright 2016 PR Newswire
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