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Hedge fund offers $1.8 billion for Novell

Elliott Associates has offered to acquire software maker Novell, according to The Wall Street Journal.

The acquisition offer, delivered in a letter to Novell's board of directors, is valued at $1.8 billion, or $5.75 per share. Elliott Associates already owns 8.5 percent of Novell's shares, which it began buying up in January.

http://news.cnet.com/8301-31021_3-10462638-260.html

More information
http://www.prlog.org/10556630-novell-inc-investor-alert-offer-under-investigation.html
&
http://forums.novell.com/novell-community-forums-stuff/community-chat/403465-re-novell-go-private.html

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