Rackspace Hosting, Inc. (RAX)
Keep a close eye on RAX. Reports indicate that several companies have expressed interest in RAX but have yet to make any acquisitions
According to Credit Suisse, RAX could be attractive for Cisco Systems (CSCO), Hewlett-Packard (HPQ) and Dell, among others.
Brokerage firm Piper Jaffray said that the list of potential buyers for RAX is "extensive" and includes Cisco Systems (CSCO), EMC Corporation (EMC) and VMware (VMW), Google (GOOG), Amazon.com (AMZN) and Red Hat (RHT)
RAX has hired Morgan Stanley to seek strategic options that could include an acquisition of the company or teaming up with bigger technology companies.
- Published: 19 May 2014
- Written by Martin Scareme