Will Going Private Save Novell?
Novell Going Private Benefits
The company received what they call an "unsolicited proposal from Elliott Associates, L.P. to acquire the Company for $5.75 per share in cash," which values the company at just under $2 billion.
In layman terms it basically means Novell is for sale and could be taken private by institutional stock holder/Hedge Fund Elliot Associates. In my personal opinion it's likely a good deal for Novell and its shareholders.
Novell has struggled this past year (but then again who hasn't?) and just recently re-organized their business around the idea of being an intelligent workload management vendor. It's an interesting idea but frankly I don't think it values all of Novell's assets properly. The idea of a big architectural play to handle all types of workloads is a neat idea but....
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