- Bloomberg reports Rackspace (RAX +9.6%) has hired Morgan Stanley to evaluate "inbound strategic proposals" and other options. Shares spiked shortly before the close, and are up another 1.2% AH.
- Rackspace jumped earlier this week on a Q1 beat and solid guidance, but shares remain well off their Jan. '13 high of $81.36, thanks in part to worries about intense cloud infrastructure (IaaS) price pressure, and the impact of IaaS services on Rackspace's traditional hosting business.
- The February retirement of CEO Lanham Napier has already fueled M&A speculation.
From other sites
Video at CNBC.com (Feb 18, 2015)
at CNBC.com (Dec 12, 2014)
at CNBC.com (Dec 8, 2014)
Video at CNBC.com (Dec 8, 2014)
at CNBC.com (Nov 24, 2014)
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