Sunday, February 27, 2011

Attachmate acquires Novell for $2.2 billion

Novell, a software company that rose to power along with Intel-based computers but failed to keep up with rivals such as Microsoft and Red Hat, announced today an end to its independence with a $2.2 billion acquisition by Attachmate . Under the agreement, privately held Attachmate will pay $6.10 per share for Novell, a 9 percent premium over Friday's closing price of $5.59 and a 28 percent premium over the last public trading day before Elliott Associates made an offer of $5.75 per share in March .

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