The following corporate finance-related stories were reported by media:* Phone service provider CenturyLink Inc is seeking to acquire Rackspace Hosting Inc in order to expand its cloud-computing services, Bloomberg reported, citing people familiar with the situation.
CenturyLink, Inc. (CenturyLink) is an integrated communications company. Shares of CTL traded higher by 1.0% or $0.41/share to $41.47. In the past year, the shares have traded as low as $27.93 and as high as $45.67. On average, 4196870 shares of CTL exchange hands on a given day and today's volume is recorded at 3061319.
Rackspace Hosting, Inc., is the open cloud company. Shares of RAX traded higher by 0.08% or $0.03/share to $37.24. In the past year, the shares have traded as low as $26.18 and as high as $54.20. On average, 2740710 shares of RAX exchange hands on a given day and today's volume is recorded at 2677070.
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