Rackspace Drops 18%: Ends Review of Strategic Alternatives

Tech Trader Daily
By Tiernan RaySep 16, 2014, 4:27 pm201 pts
Shares of data center hosting firm Rackspace Hosting (RAX) are down $6.87, or over 17.5%, at $32.47, in late trading, after the company this afternoon said it had ended its exploration of strategic alternatives for the business, and that it would remain an independent company. “After a comprehensive review,…

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