Novell Cool Solutions

Novell responds to Elliott Associates unsolicited, conditional proposal



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March 20, 2010 9:27 am

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Novell today announced that its Board has concluded, after careful consideration, including a review of the proposal with its independent financial and legal advisors, that the unsolicited, conditional proposal from Elliott Associates, L.P. to acquire the Company for $5.75 per share in cash is inadequate and that it undervalues the Company’s franchise and growth prospects. You can read the press release here.

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