Wonder what impact, if any, this will have:
http://www.investors.com/news/techno...apollo-global/
Rackspace (RAX) early Friday accepted a $4.3 billion, $32-a-share buyout offer from Apollo Global Management (APO), after years of takeover speculation — which resurfaced in recent weeks — for the cloud-computing pure play.
Rackspace stock closed Friday at 30.19, so the offer is only a 6% premium. But the San Antonio-based company was trading near 22 early this month when the latest takeover rumors surfaced.