A NEW IDEA ON RACKSPACE $RAX
This post was just published on ZYX Buy Change Alert. RAX is a cloud hosting company. It has received a $32 cash buyout offer from APO. The offer is likely to close in the fourth quarter of this year. There is about 30% probability of a strategic competing bidder to emerge. If such a bidder emerges and a bidding war starts, the eventual price may go as high as $39. Your most likely risk is that you will get $32 cash and you have some probability of making decent money. The stock is trading at $31.52 as of this writing. Caution: