Novell CEO Ron Hovsepian informed all Novell customers per email on March 20 that the buyout proposal from Elliott Associates was rejected in that it undervalued the company.
on 03/23/2010 – Made popular on 03/23/2010
New York hedge fund Elliott Associates is in hot pursuit of Novell, and developments have left some worrying that an acquisition, if successful, would mean the end of Suse Linux. On Monday, Novell's board of directors turned down a March 2 offer of $2 billion for the company from Elliott Associates.
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 o ...
Novell has announced that it has declined a takeover bid from New York-based hedge fund Elliott Associates L.P. saying that the bid "undervalued" the company. The open-source software maker says it is looking at other alternatives to "enhance stockholder value" including looking for other potential buyers. Elliott Associates offered to buy Novell a couple...
I'm set to interview Novell CEO Ron Hovsepian and Chief Marketing Officer/Channel Chief John Dragoon at the Novell BrainShare conference in Salt Lake City, Utah on March 22. Here are five key questions for Hovsepian and Dragoon, with the emphasis on the future of Novell and SUSE Linux.
“Our partnership with Microsoft continues to expand.”
–Ron Hovsepian, Novell CEO
Summary: The writings have been on the wall for 4 years, persistently warning that Novell was a ticking time bomb with its growing pile of software patents and growing relationship with Microsoft
NOVELL’S UNIX might still be up for sale, so Novell owning it