Elliot Eyes $1.8B Novell Stake
Hedge fund, Elliott Associates, is looking to buy software company, Novell, for $1.8 billion.
Hedge fund, Elliott Associates, is looking to
buy software company, Novell, for $1.8
billion, The Wall Street Journal reports. Elliott
already holds an 8.5% stake in Novell, which currently has a
cash balance of nearly $1 billion.
Elliot is planning to pay $5.75 a share, or a premium of 21%
over Novell's closing price. Several large software makers may
consider bidding as they could sell their business programs
alongside Novell's version of Linux, adds
Click here for the story from The Wall Street Journal.
Click here for additional coverage from