- 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 (Aug 10, 2015)
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)
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