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Tuesday, May 28, 2024 | 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.

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