Wednesday, March 03, 2010

Novell gets $2b takeover offer - The Boston Globe

The vulture capitalists move in?…

Novell Inc., a seller of enterprise network software headquartered in Waltham, yesterday received a $2 billion unsolicited takeover bid from private money management firm Elliott Associates LP of New York.

Elliott made the cash offer of $5.75 a share after the close of the financial markets yesterday. Elliott owns 8.5 percent of Novell’s outstanding shares. Novell spokesman Ian Bruce didn’t immediately return calls for

Novell gets $2b takeover offer - The Boston Globe

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