Friday, March 24, 2023 | Back issues
Courthouse News Service Courthouse News Service

$4.3 Billion Tech Merger

WILMINGTON, Del. — Directors are selling Rackspace Hosting ("the number one managed cloud company") too cheaply through an unfair process to Apollo Global Management, for $32 a share or $4.3 billion, shareholders say in a class action in Delaware Chancery Court.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.