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Will Going Private Save Novell?

Novell Going Private Benefits

March 3, 2010

Sean Michael Kerner
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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