Elliott Associates Offers to Buy Novell

Learn about scoring Blog's Raw Score: 0.0

by Open Source News March 3, 2010 09:52 AM

Rating (0 votes)

Rate This!

The hedge fund Elliott Associates said Tuesday afternoon that it had made an offer to buy Novell in a deal that valued the business software company at about $2 billion. Elliott said it would pay $5.75 a share in cash for Novell, a price that is 21 percent higher than Novell's closing stock price on Tuesday. Wall Street's initial response to the bid, announced after the stock market closed, was to anticipate the possibility of a higher offer.

Read More In: News, Rumors and Gossip

Visit Blog

The world is talking about GNU, Linux, and the world of open and free software. Brought to you by LXer.com, stay up to date on the freshest news on your favorite code, firmware, or distro.

More By This Author

Featured Article

How to Configure Windows Network Browsing in Tomato on NETGEAR WNR3500L

by Brandon C on October 22, 2010 1:15 PM

With Windows, browsing computers in the network can take a long time with serious delays before getting the computer lists. This especially happens in environments where there is not a server available which most of us have in our home scenarios. If not aware of it the TomatoUSB firmware can... More »

Topics: WNR3500L Tomato

Add Your Reply

Sponsored Links

MyOpenRouter