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RAX > SEC Filings for RAX > Form 8-K on 15-May-2014All Recent SEC Filings

Show all filings for RACKSPACE HOSTING, INC.

Form 8-K for RACKSPACE HOSTING, INC.


15-May-2014

Other Events


Item 8.01. Other Events
In recent months, Rackspace has been approached by multiple parties who have expressed interest in exploring a strategic relationship with Rackspace, ranging from partnership to acquisition.
Our board decided to hire Morgan Stanley to evaluate the inbound strategic proposals and to explore other alternatives which could advance Rackspace's long-term strategy.
No decision has been made and there can be no assurance that the Board's review process will result in any partnership or transaction being entered into or consummated. The company has not set a timetable for completion of this process and does not intend to discuss or disclose further developments with respect to this process unless and until the Board approves a specific partnership or transaction.

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